Pact May Resolve Some Fen-Phen Claims
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Wyeth said a federal judge had approved an amendment to a settlement of lawsuits over its recalled fen-phen diet drugs that would speed compensation for the least-serious health claims.
The May 2004 amendment of the settlement between Madison, N.J.-based Wyeth and lawyers for former fen-phen users was approved by U.S. District Judge Harvey Bartle in Philadelphia. It changes payment procedures and guidelines and creates a new supplemental fund, into which Wyeth will ultimately deposit $1.28 billion.
Wyeth said the money was part of the $21.1 billion it had previously set aside to cover legal costs and settlements.
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