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 view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.