Fed judge urges Lilly to settle multi-billion suit
A New York federal judge is urging Eli Lilly to settle a multi-billion law suit filed by insurance companies and others who claim that the US drug major over charged for Zyprexa (olanzapine) and promoted it for off-label use.
US District Judge Jack Weinstein stated in a discussion draft that he is prepared to grant class action status to a law suit brought by Tennessee health insurance firm Mid-West National Life and other parties, urging the Indianapolis-headquartered drug major to settle the case, whose damages have been estimated to be between $3.9 billion and $7.7 billion.
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