Zyprexa Class Action Settlement

On June 10, 2005, Eli Lilly and Co. announced its agreement to settle about 75 percent of the claims alleging dangerous Zyprexa side effects. The class action lawsuit settled for approximately $690 million.

The majority of the claims contended that the company did not adequately display warnings about the drug's possible side effects prior to September 2003. The company said information on Zyprexa labels had listed the risk of high blood sugar and diabetes as possible Zyprexa side effects since 1996. Lilly agreed to establish a fund, according to the agreement, not to exceed $690 million for plaintiffs who agree to settle their claims.

Though the company said an exact number of claimants covered by the settlement is unknown, it estimated to include about 8,000, or 75 percent, of outstanding claims. Lilly maintains all the Zyprexa lawsuit claims are without merit and it plans on continuing to vigorously defend its drug in the remaining cases.

Lilly's chairman, president and chief executive officer, Sidney Taurel, said the company agreed to the Zyprexa settlement to reduce “significant uncertainties” regarding Zyprexa lawsuits.

Zyprexa Lawyers

If you believe that you or a loved one has suffered an injury or death as a result of Zyprexa call the Zyprexa lawyers of VanDerGinst Law. P.C. at (877) 786-1LAW (877-786-1529) or submit the free online case evaluation. The initial consultation is free of charge. If we agree to handle your Zyprexa case, we will work on a contingency fee basis, which means we get paid for our services only if, and when, there is a money recovery for you. In many cases a lawsuit must be filed before an applicable expiration date, known as a statute of limitations. So please contact our Zyprexa lawyers right away to ensure that you do not waive your right to possible compensation. We can tell you if you have a case for a potential Zyprexa lawsuit.