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Class Action Lawsuit Settlement Approved for Baycol Cost Reimbursement

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A class action lawsuit against Bayer over the defective cholesterol drug Baycol was closed today in a court approved settlement which will reimburse employers, health plans and unions for costs related to the drug. Preliminary approval was granted for the $10 million dollar settlement which brings damages paid by Bayer over the defective drug to over $1 billion dollars. Baycol, a cholesterol lowering drug has been linked to over 100 deaths and multiple cases of Rhabdomyolysis which can cause kidney disease, kidney failure and death.

Bayer class action settlement approved for Baycol

ABC News - 3/17/2006 2:57 PM

A judge in the Philadelphia Court of Common Pleas gave preliminary approval to the national class action settlement, which could yield members as much as $10 million, lawyers said.
 
Bayer recalled Baycol, now linked to more than 100 deaths, from the market in 2001. It has agreed to pay more than $1 billion in se
 
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