Bayer's $74M Cipro Pay-For-Delay Deal Approved In Calif.
Law360, New York (November 18, 2013, 9:25 PM EST) -- A California superior court judge on Friday approved a $74 million settlement between Bayer Corp. and consumers of its widely used antibiotic Cipro, releasing Bayer from an antitrust class action over payments it made to generic-drug manufacturers to keep their versions of the medication off the market.
Judge Ronald L. Styn, sitting in San Diego County, also signed off on the $24.6 million in fees and $2.5 million in litigation costs requested by the plaintiffs' attorneys, as part of the first settlement of a pay-for-delay case to become public after the U.S. Supreme Court decided drug manufacturers could face liability for...
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