Latest news from Bloomberg in America:
GlaxoSmithKline Plc., the world’s second-largest drugmaker, should pay $63.8 million to settle claims it provided misleading information about giving the company’s Paxil antidepressant to minors, a state judge ruled.
In a preliminary ruling, Judge Ralph Mendelsohn in Edwardsville, Illinois, gave initial approval to a revised settlement of a class-action lawsuit against London-based Glaxo that he had originally approved last October.
That’s a HUGE payout… but once again it wasn’t Glaxo’s fault:
“The settlement was agreed upon to resolve the pending litigation and avoid further expenses,” Glaxo spokeswoman Mary Anne Rhyne said. “There was no liability admission.”
No of course there was no liability on Glaxo’s part, Mary-Anne. I quite understand.
However, might I ask if the people that take Glaxo’s money will have to sign a confidentiality agreement of any sort before they are paid out?
Anyone see a pattern forming here ?