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February 02, 2005

Fen-phen's spiral

From an October Forbes article: "You're to be forgiven if you thought the fen-phen crisis was over. Two years after it first emerged in 1997, Wyeth officials told investors it would cost a maximum of $4.75 billion to fix. As of the second quarter of [last] year the company had reserved $16.6 billion for the problem. Thanks to guys like [Houston attorney George] Fleming, it's a safe bet the costs will climb further." For more on fen-phen litigation, see Overlawyered, Aug. 28, 2004 and links from there.

Posted by Walter Olson at 12:04 AM | TrackBack (0)

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