Insurers To Reduce Liens On Vioxx Settlement Awards

Law360, New York (January 22, 2009, 12:00 AM EST) -- In an accord being touted as the first of its kind, more than 100 insurance companies involved in the massive $4.85 billion Vioxx settlement have agreed to reduce the liens they placed on the settlement's claimants.

The agreement, negotiated with the assistance of Judge Eldon Fallon of the U.S. District Court for the Eastern District of Louisiana, will maximize compensation to patients while also allowing those insurers that incurred medical expenses to collect some of the settlement money, according to Christopher Seeger, an attorney with Seeger...
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