Tagged with " mass torts"
May 30,1998 Introduction: After American Home Products withdrew Redux and Pondimin from the market last September, the stock fell. In [...]
A summary of four earlier Verdict reports show that AHP had repeatedly underestimated reserves for fen-phen.
May 24, 2000 1) December 31, 1997: Verdict reported that AHP’s fen-phen exposure exceeded the then current estimates of $3-4 [...]
On 5/27/05 Bloomberg said Wyeth increased fen-phen reserve to $21.1 billion Until AHP releases more data Verdict can not evaluate [...]
As AHP continually changed its litigation reserves for fen-phen, Verdict repeatedly predicted the reserves were inadequate. The final cost was $20 billion.
Forbes Magazine reports the final cost of AHP/Wyeth's fen-fen suits to be $22 billion.
March 11, 2003 1- Asbestos litigation has not peaked. Although 90% of asbestos claimants are unimpaired, the number of seriously [...]
March 10, 2003 Large verdicts and massive consolidated trials continue to shock investors, but most lawyers agree that nothing new [...]
March 10, 2003 I. Introduction Most companies that have been bankrupted by asbestos claims were defeated because the injuries of [...]
Introduction Since Johns Manville filed for bankruptcy in 1982, asbestos litigation has bankrupted 71 companies, but the disappearance of these [...]