April 8, 2014

Louisiana jury awards $9 billion in punitive damages against Takeda Pharmaceutical and Eli Lilly

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.