Paxil Lawsuit Settlements Amount to $1 Billion So FarDec 14, 2009 | Parker Waichman LLP
Paxil lawsuit settlements have been detailed in a report on Bloomberg.com. According to court papers and other sources, GlaxoSmithKline has paid about $1 billion to settle Paxil lawsuits involving suicide, birth defects and other issues.
Those settlements include about 10 birth-defect cases, for an average of $4 million each, Bloomberg.com said. About 600 more Paxil birth defect cases remain, and at least one analyst has written that “a liability totaling $1.5 billion is possible," Bloomberg.com said.
According to Bloomberg.com, court records and other sources also indicate that Glaxo has paid about $390 million in settlements for suicides or attempted suicides said to be linked to the drug. About 450 suicide-related Paxil cases were settled, while only about a dozen haven’t been, the report said. People familiar with the cases told Bloomberg.com that about 150 Paxil suicide lawsuits settled for an average of about $2 million, and about 300 over suicide attempts settled for an average of $300,000.
Finally, Bloomberg Glaxo paid an average of about $50,000 per case to resolve about 3,200 claims linking Paxil to addiction problems, and $400 million to end antitrust, fraud and design claims.