Nexium. Credit: Eric Glenn/Shutterstock AstraZeneca to Pay $425M to Settle Thousands of Lawsuits Over Nexium, Prilosec
The settlement, announced on Tuesday, is the largest so far in the multidistrict litigation involving proton-pump inhibitor medications, used to treat heartburn and stomach acid.
October 03, 2023 at 01:37 PM
2 minute read
Litigation
The original version of this story was published on New Jersey Law Journal
AstraZeneca Pharmaceuticals agreed to pay $425 million to settle lawsuits from about 11,000 consumers alleging they suffered kidney injuries after taking Nexium and Prilosec.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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