Effexor Pay-For-Delay Suit Awaits High Court's K-Dur Answer

Law360, New York (October 24, 2013, 11:43 AM EDT) -- A New Jersey federal judge on Tuesday said seven lawsuits alleging a pay-for-delay deal regarding Wyeth LLC's antidepressant Effexor XR can't continue until the U.S. Supreme Court decides whether it will hear a similar Third Circuit case involving blood pressure medication K-Dur.

U.S District Judge Joel A. Pisano suspended two class actions and five lawsuits at the behest of Wyeth and co-defendant Teva Pharmaceuticals USA Inc., agreeing with the companies' argument that the court should wait for the high court's decision before proceeding.

“A stay will...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.