19 August 2005

Vioxx Verdict - Really $26.1M not $253.4M

According to the Associated Press: The damages were $450,00 economic, $24,000,000 non-economic compensatory, and $229,000,000 punitive, but the punitive damages award will be reduced under Texas law to $1,650,000.

Moreover, the award will have to survive a costly appeal and considerable delay.

It is almost always important to look beyond the headlines when big verdicts are reported in the media.

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