Takeda Won't Commit To Cover Eli Lilly For $9B Verdict

Law360, Chicago (April 24, 2014, 9:24 PM ET) -- Takeda Pharmaceutical Co. Ltd. isn’t conceding that it needs to pay Eli Lilly & Co.’s piece of a $9 billion verdict against the two companies for allegedly hiding the cancer risks of the diabetes drug Actos, the Japan-based drugmaker said Thursday.

Takeda said in a statement that it has reserved its rights to dispute Eli Lilly’s claim that Takeda agreed to indemnify its Actos marketing partner for losses in litigation over the drug, including the bellwether verdict handed down in Louisiana federal court earlier this month....
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Case Title

Allen et al v. Takeda Pharmaceutical Company Limited et al


Case Number

6:12-cv-00064

Court

Louisiana Western

Nature of Suit

Personal Inj. Prod. Liability

Judge

Rebecca F Doherty

Date Filed

January 16, 2012


Case Title

In Re: Actos (Pioglitazone) Products Liability Litigation


Case Number

6:11-md-02299

Court

Louisiana Western

Nature of Suit

Personal Inj. Prod. Liability

Judge

Rebecca F Doherty

Date Filed

December 28, 2011

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