News tagged with 'Settlement'

Eli Lilly will have to pay the federal government more than $1.4 billion to settle an off-label marketing scheme for its prescription drug, Zyprexa. The settlement is the largest amount paid by a single defendant in the history of the Department of Justice and was initiated by six former Lilly drug marketing representatives who became whistleblowers over the aggressive off-label marketing for the antipsychotic.

Eight states including Florida are suing drugmaker Merck & Co alleging deceptive marketing of the recalled painkiller Vioxx. The state wants to recover $80 million it reimbursed consumers under federal health plans. Olympians Dorothy Hamill and Bruce Jenner once fronted ads for Merck, though there is no indication they knew about the downside of the drug.

Structured settlements that pay the victims of personal injury, or their estate, is one of the businesses of AIG, which is in financial trouble. The states should protect the monies in Reserve Accounts for now.

NYC Mayor Michael Bloomberg and Bill and Melinda Gates are joining forces and $500 million to launch a global anti-smoking campaign in low and middle income emerging countries which have never seen anti-smoking campaigns. Among their challenger are governments that derive income from a tobacco sales tax.

Florida insurance regulators would love to their their hands on secret internal documents that show how Allstate Insurance makes rates and settles claims.