Bayer has reached a tentative settlement with the nationwide class of all third-party payors that had to refund beneficiaries or insureds for purchases of the cholesterol reducer Baycol, a drug the Pittsburgh-based pharmaceuticals giant voluntarily removed from the market in 2001.
According to class counsel, the settlement has been preliminarily approved by Philadelphia Common Pleas Judge Mark I. Bernstein, who had certified the class. A final approval hearing is set to take place in early June.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
