$64 Million Paxil Class Action Settlement
One of the world’s largest drug manufacturers, GlaxoSmithKline of Great Britain, is feeling the effects of its dangerous anti-depressants, Paxil and Paxil CR, the controlled-release version of the drug. Still dealing with cases involving Avandia, the diabetes drugs that causes life-threatening cardiac problems, GlaxoSmithKline has been paying out settlements to the parents of teens who killed themselves while (or after) taking the popular drug, Paxil.
The lawsuit alleged that GlaxoSmithKline promoted Paxil for use in children yet failed to provide pertinent information regarding the harmful side effects, including increased suicidal behavior. A United States spokesperson for GlaxoSmithKline did take responsibility on behalf of the drug company but refused to admit any wrongdoing.
Of the $64 million in the settlement fund, plaintiffs’ attorneys can claim over $16 million in fees, and the remaining money will be paid out to victims and their families. Any money left over after all victims have been reimbursed will be returned to GlaxoSmithKline. In addition to this class action lawsuit, the parents of teenagers who killed themselves while taking Paxil can still sue GlaxoSmithKline as can government agencies and insurance companies.
If you or someone you love has been harmed by a dangerous drug, please contact the defective product attorneys at Schlichter, Bogard & Denton today to schedule a confidential consultation.