Call Today for a Free Consultation

$2.37 Billion Settlement Reached for Actos Drug Injury Lawsuits

Apr 29, 2015 | Drug Injury

Share

Actos® is a medication used to treat diabetes in thousands of Americans over the past decade. But the Actos drug injury lawyers at Stewart & Stewart Attorneys explain the drug was linked to an increased risk of some patients developing bladder cancer. Now, those victims may be one step closer to getting the compensation they deserve.

The company that manufactures Actos, Takeda Pharmaceutical, has offered to settle the majority of the approximately 9,000 outstanding Actos drug injury lawsuits for an estimated $2.4 billion. Bloomberg Business reports that if 95 percent of the plaintiffs agree to the terms of the settlement, each of the victims would receive around $296,000 in compensation.

The announcement comes in the wake of last year’s decision by a federal grand jury finding Takeda and its partner, Eli Lilly & Co., responsible for paying $9 billion in damages to a man who claimed Actos caused him to develop bladder cancer. The award was later reduced to $36.8 million.

As part of the settlement, Takeda will not accept liability for the harm patients suffered.

At Stewart & Stewart Attorneys, we understand the hardships the victims have faced in their journey to receive the compensation they deserve. That’s why our Indianapolis personal injury lawyers are hopeful the settlement will help bring closure to those adversely affected by the drug.

Latest Resources

Trust the Experts

Do Attorney Fees Increase Over the Duration of a Case?

When accident victims in Indiana look for a lawyer, many ask how attorneys’ fees work. How do...

How Do Insurance Companies Determine the Value of a Motorcycle Case?

You sustained injuries in a motorcycle accident in Indiana because of someone else’s careless road...

4 Common Personal Injury Mistakes to Avoid in Indiana

As an accident victim in Indiana, you may be able to collect compensation for medical treatment...

Free Initial Consultation

Get Stewart Today

If you have been involved in an Indiana personal injury accident, contact us at Stewart & Stewart Attorneys. Our Indiana personal injury lawyers represent victims throughout the state, including Carmel and Anderson. We have also successfully advocated for clients throughout the area, including Fort Wayne, Gary, Indianapolis, South Bend. Complete a free online consultation form or call us at (800) 33-33-LAW!

Stewart & Stewart Attorneys have the knowledge and experience to defend your rights in the following areas of Indiana injury law: auto accident, brain injury, drug injury, defective product, fire and burn injury, insurance dispute, medical malpractice, motorcycle accident, nursing home abuse, slip and fall,  truck accident, workers’ compensation and wrongful death.