Bloomberg news reports that a jury in federal district court in Lafayette, Louisiana has awarded $1.5 million in compensatory damages and $9 billion in punitive damages in a lawsuit over the diabetes medicine Actos. That’s a ratio of 6000 to 1. Bloomberg predicts the punitive damages “will probably be reduced.” Yeah, that’s a pretty safe prediction.
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Louisiana jury awards $9 billion in punitive damages against Takeda Pharmaceutical and Eli Lilly
April 8, 2014
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