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Glaxo Pays Reported $250 Mil. in Round of Avandia Settlements
As the "Am Law Daily" blog noted last June, GlaxoSmithKline has an unusual strategy for dealing with the thousands of personal injury suits alleging that its controversial diabetes drug Avandia contributes to heart problems.Phila. Judge Grants GSK Summary Judgment in Avandia Case
As litigation over a diabetes drug that allegedly causes heart problems winds down, drugmaker GlaxoSmithKline won summary judgment in the latest Avandia case originally scheduled to go to trial in Philadelphia Common Pleas Court this week.Distribution of $144 Mil. In Avandia Legal Fees Approved by Judge
The judge presiding over the entire Avandia multidistrict litigation has approved the distribution of nearly $144 million in Avandia attorney fees and costs undertaken for the common benefit of the entire litigation in the wake of attorneys settling objections to how the funds were divided.Attorneys Settle Objections to Distribution Of $144 Million in Avandia Legal Fees
The objections of attorneys who opposed the distribution of nearly $144 million in Avandia attorney fees and costs undertaken for the common benefit of the entire Avandia multidistrict litigation have been resolved, according to the court-appointed master in the case.In keeping with its established strategy of settling batches of cases with individual plaintiffs lawyers, GSK has resolved all of the more than 5,000 cases filed by the two lawyers who were to have tried the first Avandia bellwether case last month. The price tag is eye-popping, but that's nothing new for the multibillion-dollar Avandia litigation.
The company recently announced that it's taking a $3.4 billion legal charge, mostly for Avandia litigation. A wrongful death trial set to begin in Philadelphia could indicate if that number will grow. Pepper Hamilton is leading Glaxo's trial team.
Liens Leaving Settlements Unsettled
When Jewis "J.J." McCoy got a settlement after he took the diabetes drug Avandia, the Kansas City, Mo., man hoped to achieve some financial stability.Corporate Transparency Act Resource Kit
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