American Home to Settle Some 1,400 Fen-Phen Suits
New York Times
The American Home Products Corporation agreed late Tuesday to pay $350 million to settle 1,400 injury cases brought in Mississippi over its diet drug combination fen-phen, a liability that could endanger the company's proposed $70 billion merger with Warner-Lambert ..."In my view, American Home Products' global settlement is now dead," said Ed Blizzard, a plaintiffs' lawyer in Houston who is involved in many of the fen-phen cases. "A lot of people won't go into the national settlement. If you look at that $150 million award, it just shows you how angry ordinary citizens get when they hear about these charges."
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