On August 25, 2009, Solvay Pharmaceuticals, Inc. entered into a Settlement Agreement with Plaintiffs in Yarrington v. Solvay Pharmaceuticals, Inc., which alleges that Defendant Solvay Pharmaceuticals, Inc. (“Solvay”) violated state unfair competition and false and deceptive advertising laws in marketing Estratest and Estratest H.S., prescription hormone therapy drugs.

The Settlement included anyone who purchased Estratest or Estratest H.S. in any state, other than California, since March 8, 1998.  Pursuant to the Settlement Agreement, which was granted final approval by the U.S. District Court of Minnesota (Hon. Richard H. Kyle) on March 16, 2010, Solvay has agreed to pay 16.5 million to Settlement Class Members.  In approving the Settlement, Judge Kyle recognized that Settlement Class Counsel “exhibited a great deal of skill in advocating on behalf of their clients” and “exhibited diligence and efficiency throughout the litigation, resulting in a favorable result for the Class.”  Gustafson Gluek PLLC and Lieff Cabraser Heimann & Bernstein LLP are Settlement Class Counsel.  Notably, Settlement Class Members who timely filed valid claims received 100% of their claimed damages – a percentage almost unheard of in class action litigation.

To obtain further information, please visit:
www.EstratestSettlement.com

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Nashville area organizations will accept $2.8 million to foster women’s health and contentment from a settlement of a class-action lawsuit opposite a builder of a hormone-replacement drug used to provide symptoms of menopause.

Vanderbilt University Medical Center and Meharry Medical College any will accept some-more than $1 million, internal homeless preserve Safe Haven Family Shelter will accept $650,000 and a Nashville Lawyers’ Association for Women will accept $100,000.

Purchasers of Solvay Pharmaceuticals’ Estratest remedy perceived a $16.5 million settlement from a association final year.

The awards to Nashville organizations are partial of $8.9 million in leftover income that a sovereign justice has systematic to be given to nonprofit and free organizations national that do work benefiting menopausal and post-menopausal women.

The box did not have any sold ties to Nashville – it was filed in Minnesota, where dual of 4 plaintiffs reside and where Solvay has an office, and category members are located opposite a country.

But a organizations receiving income were selected by a lawyers in a case, including Beth Alexander, a partner in a Nashville bureau of a law organisation Lieff, Cabraser Heimann Bernstein. The San Francisco-based organisation has a national use and teamed adult with Minneapolis-based Gustafson Gluek to record a lawsuit.

The plaintiffs, women who purchased Estratest, purported that Solvay secretly advertised a drug.

“The claim was that they advertised a drug as being FDA approved, when it did not have FDA approval,” Alexander said. “They were means to sell it during a aloft price as a outcome of that.”

Solvay denies a claims, though concluded to a settlement to equivocate a costs and uncertainties of continued litigation. Class members perceived a 30 percent bonus off a price they paid for Estratest.

Alexander pronounced creation category members whole was a underlying design of a lawsuit, and that a placement of a additional income will benefit likewise situated women.

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