If approved, the settlement would resolve over 8,000 outstanding lawsuits, making it one of the largest settlements in the US for patients suing drug and medical device makers. Each case would see a settlement of roughly $275,000. Any settlement would be the first in the three year litigation over the diabetes drug, Bloomberg reports.
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According to court documents, over 3,500 Actos lawsuits have been consolidated for pretrial information exchanges. Takeda is currently facing another 4,500 such cases in state courts in Illinois, West Virginia, California and Pennsylvania.
According to the terms of this latest proposed settlement, only Actos patients who have already sued or who have already hired a lawyer to file a lawsuit would be eligible to participate in the settlement, Bloomberg reports.