$750 Million Settlement reached in Whistleblower case with GlaxoSmithKline

Date Filed:

Thursday, January 1, 2004

Settlement Amount:

$750,000,000

A settlement has been reached in a whistleblower class action lawsuit brought against GlaxoSmithKline who is accused of improperly manufacturing drugs and selling adulterated drugs.

The settlement includes a criminal fine and forfeiture totaling $150 million and a $600 million civil settlement. The whistleblower will receive $96 million of the settlement.

Filed in 2004, the whistleblower lawsuit alleged that GlaxoSmithKline was selling tainted drugs under false pretenses. The medicines, made at a Glaxo plant in Cidra, Puerto Rico, were misidentified as a result of product mix-ups, according to papers filed in federal court in Boston. The affected drugs included the antidepressant Paxil CR and the diabetes treatment Avandamet.

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$3,000,000,000 - GlaxoSmithKline

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$2,600,000,000 - Morgan Stanley

$2,400,000,000 - Recovered in Healthcare Fraud

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$1,200,000,000 - Wells Fargo Bank

$10,000,000,000 - Vanguard

$785,000,000 - Pfizer

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$750 Million Settlement reached in Whistleblower case with GlaxoSmithKline

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