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Lilly, Plaintiff Group Settle Zyprexa MDL Claims

Law360 (April 7, 2009, 12:00 AM EDT) -- A group of plaintiffs has reached a settlement with Eli Lilly & Co. in the continuing multidistrict litigation over the pharmaceutical company's anti-psychotic drug Zyprexa.

In a Thursday motion in the U.S. District Court for the Eastern District of New York, the plaintiffs and Lilly asked the court to establish a qualified fund for the confidential settlement, appoint a settlement administrator and place the court file under seal.

The plaintiffs, who filed suit in the district court in 2007, alleged that Lilly's misrepresentation of Zyprexa and...
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