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Wednesday, April 09, 2014
Courts - "A Speedy, Supersized Verdict Against Takeda and Lilly"
The WSJ Law Blog has this post today by Josh Gershman that begins:
How long is 45 minutes?
It’s about half the time it takes to fly from New York to D.C. It’s shorter than an episode of ‘Game of Thrones’ and the average daily commute.
It’s also how much time a federal jury in Louisiana reportedly took to come up with the figure of $9 billion, the amount in punitive damages they say Takeda Pharmaceutical Co. and its marketing partner, Eli Lilly should pay for allegedly hiding cancer risks associated with their Actos diabetes drug.
Takeda, Japan’s biggest drug maker, was ordered to pay $6 billion, while Lilly was hit with a penalty of $3 billion. Both companies said they disagreed with the verdict and would vigorously challenge it.
Posted by Marcia Oddi on April 9, 2014 11:24 AM
Posted to Courts in general