Fen-Phen – (2001) $3.75 billion
Written by Andrew Sarski on June 8, 2012
In May 2001, a nationwide class action Fen-Phen settlement totaling $3.75 billion was approved, including $1 billion for future medical checkups and $2.34 billion to settle individual suits involving American Home Products Corporation’s (Wyeth) diet drug. As part of the settlement, former Fen-Phen users dissatisfied with the national settlement were permitted to file new suits against the drug company until 2003. Including patient opt-outs, Wyeth/American Home has paid out more than $21 billion to resolve Fen-Phen lawsuits.