AstraZeneca To Pay $198M To End Seroquel Suits

By Leigh Kamping-Carder (August 10, 2010, 3:42 PM EDT) -- AstraZeneca Pharmaceuticals LP has confirmed it will pay out $198 million to thousands of plaintiffs who sued the company over complications allegedly associated with the antipsychotic Seroquel.

The British drug company said Monday that to date it had settled 17,500 Seroquel-related product liability claims with U.S. plaintiffs, following court-ordered mediation.

The announcement, which suggests an average settlement of roughly $11,300, is the first official indication of how much AstraZeneca intends to pay to put the product liability claims to rest. The company said the payments would not affect earnings per share.

AstraZeneca reached at least 4,000 of the conditional monetary agreements...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!