Quoted from http://blog.al.com/spotnews/2013/03/pfizer_settles_80_percent_of_t.html
Pfizer settles 80 percent of more than 2,700 lawsuits claiming problems with smoking cessation drug Chantix
By Kent Faulk | [email protected] The Birmingham News
on March 01, 2013
BIRMINGHAM, Alabama - Pfizer Inc. has settled about 80 percent of the more than 2,700 lawsuits filed against it in federal and state courts nationwide over its smoking cessation drug Chantix, according to a company filing with a federal regulator this week.
The company says it is assuming a loss of $273 million for 2012 to settle those cases and expects to spend an estimated $15 million more to settle remaining ones in the future, according to the filing Thursday with the U.S. Securities and Exchange Commission.
Most of the more than 2,700 lawsuits filed nationwide by people who complained of psychological problems, including suicides or suicide attempts, were consolidated as a multidistrict litigation _ or MDL _ in Birmingham federal court under U.S. District Court Judge Inge Johnson.
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