$1 Billion Fen-Phen Case Settles Before Appellate Oral Arguments

Three years ago, plaintiffs in a Texas fen-phen suit won a record-setting $1 billion verdict, including $900 million in punitive damages. Defendant pharmaceutical company Wyeth's appeal of the judgment was noteworthy because it would have tested Texas' statutory cap limiting punitive damages. But lawyers for the parties have negotiated a settlement. The parties filed a joint motion asking the appeals court to set aside the judgment "without regard to the merits" and to remand the case to the trial court.

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