Abbott Hit With Shareholder Suit Over Depakote Marketing

Law360, New York (April 10, 2012, 8:21 PM EDT) -- A union pension fund shareholder sued Abbott Laboratories Inc. and its directors in Illinois federal court Tuesday, alleging they let anti-seizure drug Depakote be illegally marketed for off-label use, resulting in more than $1.3 billion in liability under the False Claims Act and other laws.

The fund cited ongoing state and federal investigations of Abbott's marketing of the drug and said the company's chairman and CEO Miles D. White and other directors knew Abbott could face substantial liability if it allowed drugs to be marketed for...
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