Sanofi Settles Obesity Drug Class Action For $40M

Law360, Los Angeles (September 19, 2013, 9:17 PM ET) -- French pharmaceutical giant Sanofi-Aventis SA has agreed to pay $40 million to settle a class action brought by investors who claim the company withheld information about anti-obesity drug Zimulti's link to severe psychiatric problems, according to documents filed in New York federal court on Thursday.

The agreement, which still requires court approval, comes six months after a New York federal judge certified the class of investors, finding the lead plaintiffs’ securities fraud claims were typical of the class as a whole.

U.S. District Judge George B....
To view the full article, register now.




Case Information

Case Title

In re: sanofi-aventis Securities Litigation

Case Number



New York Southern

Nature of Suit



George B. Daniels

Date Filed

November 13, 2007

Law Firms


Government Agencies

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Click here for the latest