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Paxil Lawsuit Settlements Amount to $1 Billion So Far

  Paxil Lawsuit Settlements. 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 […]

Paxil Lawsuit

 

Paxil Lawsuit Settlements. 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.

Glaxo has paid about $390 million in settlements

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.

Need Legal Help Regarding Paxil Lawsuit?

The personal injury attorneys at Parker Waichman LLP offer free, no-obligation case evaluations. For more information, fill out our online contact form or call 1-800-YOURLAWYER (1-800-968-7529).

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