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Zyprexa Litigation

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On June 8th, Judge Weinstein (the federal judge overseeing the Zyprexa litigation and $700 million settlement) issued an order that if claimants in the settlement do not have their claims submitted to the Special Masters with the necessary documents to support their claim “conforming to the guidelines agreed upon in the Final Settlement Protocol” by July 17th, their claims will be deemed abandoned and dismissed with prejudice, subject to a motion to reinstate demonstrating good cause for the delay. The order states that claims must be submitted by July 17th “so that all pending settled claims can be approved for payment by the Special Settlement Masters by August 1, 2006.”