New York, NY – Today it was reported that GSK(NYSE:GSK) has settled more than 700 Avandia cases for a sum reported to be approximately 60 million dollars. These are the first reported settlements involving the drug and represent a small fraction of the total claims believed to be pending. The average settlement would appear to be around 90-95 thousand dollars per case.
The settlements come as Glaxo is set to face its first Avandia trial in state court in Philadelphia in July. More cases my be filed in the coming days.
Residents of 18 states who were injured as a result of taking the diabetes medication Avandia may have only a short time in which to file their cases. The right to file a claim for compensation is subject to a statute of limitations. Each state may set its own statute of limitations, or date which a claim must be filed by. For a list of states whose statute of limitation may expire shortly please go to www.DrugSettlement.com
Many states follow a discovery rule, where the time to file a claim does not begin to run until a person knew or should have known of the existence of the claim. For people from states which apply the discovery rule, even if an injury occurred in 2005, the statute of limitations would not begin to run until they knew or should have known that they may have suffered an injury from Avandia. That time would not begin to run till users were on notice that Avandia could cause heart problems. Lawyers for GSK have asserted that date was in May of 2007. Lawyers for victims dispute this and assert that the date is much later. Those injured by Avandia should consult an attorney immediately so that they do not miss any important filing deadline.
Financial experts have reported that GSK may have to pay as much as $6 billion dollars to compensate Avandia victims, as part of any Avandia settlement.
If you or a loved one have been injured by exposure to Avandia or have suffered any heart complications while using Avandia you are urged to go to www.DrugSettlement.com immediately to secure your rights to compensation.
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