Seroxat settlement sought $600 million - got $40 million fromm GSK

GSK has entered into a proposed settlement with the Plaintiffs and has agreed to pay $40 million to settle the claims set forth in Plaintiffs' lawsuits as follows:




After attorneys' fees and the costs of administering the settlement are deducted from the $40 million, the balance will be distributed to Class members who qualify and submit a claim as described below. The Class member's submission must certify, as provided in the claim form, that the member is seeking only the member's actual out-of-pocket and unreimbursed cost, based on the amount paid by the Class member, exclusive of any co-payments, deductibles, or other amounts not paid by the member to determine your actual costs for Paxil® prescribed for persons under the age of 18, between January 1, 1998 and December 31, 2004. If the records show a diagnosis of Major Depressive Disorder, the claim amount is calculated at 40% of the actual costs. Otherwise, the claim amount will be 15% of the actual costs.


http://www.pediatricpaxiltppsettlement.com/faq.htm