Glaxo faces £200m bill from latest lawsuits over Seroxat
Tuesday 07 September 2004
Glaxosmithkline, the biggest drugmaker in the UK, is under legal assault in the US from parents of adolescents given its antidepressants, and is facing at least half a dozen lawsuits claiming the company withheld information that showed the products could make under-18s suicidal.
And in the latest, an aggressive law firm is aiming to recruit parents to a class action suit seeking damages of an estimated £200m.
GSK denies any wrongdoing, and the news will come as a blow to its investors. They had hoped the company would be able to draw a line under the controversy after last month settling a similar lawsuit with the New York state attorney-general, Eliot Spitzer.
The class action launched by the Minnesota-based solicitors Meshbesher & Spence, plus about half a dozen individual lawsuits, take Mr Spitzer's allegations and damages claims as their starting point. They claim GSK engaged in fraud by concealing the negative results of five trials of Paxil on children and misrepresenting the data it did reveal. Only one of the studies suggested the drug might be effective against depression, while others suggested it might increase suicidal thoughts.
Paxil, sold in the UK as Seroxat, has attracted controversy over its side effects. It was banned in the UK for under-18s last year and a regulatory panel is deciding next week whether the US should follow suit.
- 4 Alex Salmond: 'The rocks would melt with the sun before I'd ever set foot in the House of Lords'
'The Fappening': Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
The Fappening: Jennifer Lawrence leaked 4Chan sex video branded 'fake' by forum users
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...