Judge Finds Jury’s Award of Over $9 Billion Excessive
The Wall Street Journal
October 27, 2014
[…] A jury in federal court in Louisiana in April had ordered Takeda to pay $6 billion and Lilly to pay $3 billion in punitive damages to a New York state man, Terrence Allen, and his wife, who alleged Mr. Allen’s use of the diabetes drug Actos caused his bladder cancer.
The jury, which concluded the companies failed to provide adequate warnings about a risk of bladder cancer associated with Actos, also awarded $1.48 million in compensatory damages, of which Takeda and Lilly were ordered to pay 75% and 25%, respectively. […]