Eli Lilly Announces Settlement of More Than 18,000 Zyprexa Claims

INDIANAPOLIS - Zyprexa manufacturer Eli Lilly Co. has announced that it reached agreements with 14 plaintiffs' law firms to settle some 18,000 claims asserting injury caused by the drug.

The announcement was made Jan. 4 in a statement released by the Indianapolis-based pharmaceutical company. Terms of the agreement were not disclosed, however, the company said that the settlement does not exceed the $700 million it paid more than a year ago to approximately 8,000 Zyprexa plaintiffs.

Lilly also stated that it will record a fourth-quarter charge of no more than $500 million to cover related litigation expenses.

According to the …