Takeda Agrees to $2.4 Billion Settlement for Actos Bladder Cancer Lawsuits

HOUSTON, May 6, 2015 /PRNewswire/ -- Fibich, Leebron, Copeland, Briggs & Josephson is pleased to announce that a $2.4 billion settlement has been reached to resolve lawsuits involving individuals who were allegedly harmed after taking the prescription medication Actos. Actos - manufactured by Takeda Pharmaceuticals - has been associated with thousands of alleged cases of bladder cancer. Several of the firm's attorneys were instrumental in the coordination and negotiation of the settlement.

Tommy Fibich - Founding Partner of Fibich, Leebron, Copeland, Briggs & Josephson - and Partner Russell Briggs helped reach the settlement on behalf of more than 3,900 plaintiffs whose cases were consolidated in Illinois Circuit Court of Cook County.

Tommy Fibich served as both co-lead counsel and negotiating counsel appointed by Judge Dooling, along with Tor Hoerman of Torhoerman Law, Pete Flowers from Meyers & Flowers,  and Allen Schwartz from Kralovec, Jambois and Schwartz.

The $2.4 billion will be placed in a settlement fund if 95% of plaintiffs agree to the terms. Compensation will be calculated for each plaintiff based on factors that include the extent of their injuries and cumulative dosage.

The settlement is a significant victory for the thousands of plaintiffs who claim they were diagnosed with bladder cancer after taking Actos, a prescription medication used to treat Type 2 diabetes. In 2011, the U.S. Food and Drug Administration (FDA) found that individuals who took Actos for over one year faced a 40 percent increase in bladder cancer risks.

Attorneys Tommy Fibich and Russell Briggs are Partners at Fibich, Leebron, Copeland, Briggs & Josephson - a nationally recognized plaintiff's law firm. The firm has secured notable successes in the areas of personal injury law, product liability, and business disputes. For more information about the firm, visit www.fibichlaw.com.

Fibich, Leebron, Copeland, Briggs & Josephson
1150 Bissonnet Street
Houston, TX 77005
(713) 751-0025
888-713-5452
http://www.fibichlaw.com

SOURCE Fibich, Leebron, Copeland, Briggs & Josephson

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