Excess Insurer Says Akorn Not Covered For $20M Verdict
Law360, Los Angeles (May 11, 2017, 8:42 PM EDT) -- Excess insurer Ironshore Specialty Insurance Co. on Thursday asked an Illinois federal court to rule that it doesn't have to cover any part of a $20.5 million jury verdict rendered against Akorn Inc. in a lawsuit alleging the pharmaceutical maker failed to warn of dangerous interactions between one of its products and common medications.
In the underlying litigation, Ann Pope and her husband won the whopping verdict, which included $17.5 million in punitive damages, on April 4 after a jury accepted their claim that Akorn failed to indicate on a warning label for the surgical dye methylene blue that serious reactions...
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