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...asked one consumer sector banker, adding that as well as the litigation liability, the category as a whole was unattractive due to declining populations in Europe and North America....
...exposed to the litigation....
...Before Daynard provided a blueprint for litigating against Big Tobacco through his legal-resource group, the Tobacco Products Liability Project, “there was complete consensus among almost all legal authorities...
...“GSK does not admit any liability in this settlement and will continue to vigorously defend itself.”...
...It did not admit any liability in the settlements and did not give any financial details....
...It added: “GSK does not admit any liability in this settlement and will continue to vigorously defend itself based on the facts and the science in all other Zantac cases.”...
...AstraZeneca has settled disputes on stomach drugs Nexium and Prilosec for a combined total of $425mn, “effectively” resolving product liability claims in some US states....
...Reckitt has not estimated its potential liability because it is confident it can appeal against the verdict....
...A revised Product Liability Directive reverses the burden of proof on manufacturers of physical and digital goods....
...“We want better transparency for downstream companies who need to know what is in their products and supply chain.”...
...“GSK does not admit any liability in this settlement and will continue to vigorously defend itself based on the facts and the science in all other Zantac cases,” it added....
...In terms of downside risk, there is the matter of the ongoing US litigation around heartburn drug Zantac, and although the company has settled many of the cases, there is another hearing scheduled imminently...
...It is grappling with total debt estimated at about €42bn, one of the biggest product liability cases in corporate history, plus a pharmaceuticals growth problem....
...The German conglomerate maintains that the product is safe and says scientific research supports that view....
...In 2021, Bayer said it would stop selling consumer products with that specific ingredient....
...The Zantac court ruling is a clear positive for the companies that sold the products. It should soothe the whole industry....
...The earplug litigation is not the only legal liability facing 3M....
...AstraZeneca has settled disputes on drugs Nexium and Prilosec for a combined total of $425mn, “effectively” resolving product liability claims in some US states....
...Zantac is making GSK investors feel distinctly dyspeptic. Claims that the stomach ulcer drug causes cancer are resulting in litigation risk....
...A cluster of international agreements on climate change are broadly applicable in Dutch civil liability law, it argues....
...Analysts said the ruling should remove a large portion of the potential liability linked to the Zantac litigation, which investors had feared could lead to tens of billions of dollars of personal injury...
...The 93-year-old investor, known as the “Oracle of Omaha”, and his anointed successor Greg Abel have been watching as billions of dollars of liabilities accumulate at Berkshire’s energy division....
...Anderson is also facing new concerns over the Roundup litigation, one of the biggest product liability cases in corporate history....
...Zantac, a possible Zantac product-liability of $3-27bn for GSK....
...Its liabilities now stand at Rmb2.39tn....
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