Eli Lilly to Pay a Whooping $3B in Punitive Damages Over Actos Risks – (LLY)

Shares of Eli Lilly & Co. (LLY) are down in early trading Tuesday, following a verdict late Monday by a federal court jury that ordered the U.S.-based company and its partner, Takeda Pharmaceutical Co Ltd, to pay a combined $9 billion in punitive damages for concealing cancer risks associated with their Actos diabetes drug. Eli […] View the full post at: Eli Lilly to Pay a Whooping $3B in Punitive Damages Over Actos Risks – (LLY) Related posts: Software Giant Microsoft Ordered to Pay Uniloc $388M in Damages Citigroup Wins Parmalat Lawsuit; Jury Awards Bank $364.2 Million American Innovation in Health Care is Alive and Well