BASF Told To Pay Insurers $1.7M In Synthroid Suit

Law360, New York (January 30, 2009, 12:00 AM EST) -- A judge has ordered BASF AG to dole out approximately $1.7 million in court costs to insurers Federal Insurance Co., Great American Assurance Co. and Westchester Fire Insurance Co. after an appeals court found the insurers’ policies did not cover liability lawsuits related to thyroid drug Synthroid.

District Judge Samuel Der-Yeghiayan issued the order on Wednesday, awarding $851,448 in costs to Federal, $262,808.86 to Great America and $576,971 to Westchester.

The order stems from an April 2007 decision by a three-judge panel from the U.S. Court...
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