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Norwich-Eaton

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Executive Summary

Receives cash payment of $ 3.45 mil. from Bolar to settle its May 8 suit seeking damages for the generic firm's fraudulent marketing of a version of Norwich-Eaton's Macrodantin (nitrofurantoin). The complaint sought treble damages. Bolar's generic version generated sales of about $ 13 mil., according to the company's statements when it withdrew the ANDA for the product in 1989. So far this year, Bolar has paid out $ 56 mil. to settle lawsuits and still faces litigation from Warner-Lambert, Barr Labs and an SEC investigation. . . .

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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