The fact that the average plaintiff will receive $10,000 doesn’t surprise me. These were very, very difficult cases to prove. There are many causes of diabetes, and it’s pretty tough to prove that Seroquel is what caused it.
AstraZeneca Plc agreed to pay $2 million to settle more than 200 cases over its antipsychotic drug Seroquel in the first resolution of lawsuits alleging the medicine causes diabetes, people familiar with the accords said.
The settlement, which provides an average payout of more than $10,000 per case, came as the result of a U.S. court- ordered mediation involving 26,000 cases filed against London- based AstraZeneca over Seroquel, the people said.
Source: Astrazeneca Said to Pay $2 Million in First Settlements of Seroquel Suits – Bloomberg