Daiichi Sankyo Offers $300 Million to Settle Benicar Lawsuits

Daiichi Sankyo Offers $300 Million to Settle Benicar Lawsuits

Introduction

The Plaintiffs of Benicar MDL 2606 have been offered a settlement amount of $300 million by Daiichi Sankyo. If a 95% agreement is reached at by all the claimants, the settlement procedure will be finalized for the 2,300 cases filed under the respective MDL. The company capped the settlement at $300 million and covered only the federally-filed cases in the US district court; cases filed in New Jersey State Court are not a part of this settlement. Though the settlement may come forth, the company, however, denied any liability by this move and said it continues to believe that the claims were without merit. The fate of the settlement will be revealed soon.