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Current Avandia Litigation & Class Action Lawsuits
Lawyers have filed a class-action shareholder lawsuit against GlaxoSmithKline alleging that the company failed to disclose the increased health risks that may be associated with its diabetes drug, Avandia. The lawsuit, which was filed in June 2007 in a New York federal court, also names GlaxoSmithKline’s CEO and CFO as defendants.
GlaxoSmithKline’s stock fell sharply in 2007 after the New England Journal of Medicine published study findings suggesting that Avandia increases the risk of heart attacks. According to the lawsuit, GlaxoSmithKline itself had already compiled a similar analysis that also found that Avandia increases the risk of heart attacks. The company, which did not widely publicize this finding, claims it found the analysis unpersuasive, given the fact that several other studies failed to show a significant increase in heart attack risk. Nevertheless, the lawsuit argues that the GlaxoSmithKline top officers artificially inflated GlaxoSmithKline’s stock price by failing to adequately disclose the study findings which revealed the potentially dangerous effects of Avandia.
Avandia Personal Injury Lawsuits
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If you or a family member has used the prescription drug Avandia and experienced adverse side effects, you may be entitled to compensation for your injuries. Our Avandia lawyers can help you seek compensation by filing a lawsuit on your behalf. With a lawsuit, our Avandia lawyers may help you get reimbursed for expenses such as medical bills, loss of income, and pain and suffering.
By seeking assistance from our experienced Avandia lawyers, an Avandia victim can quickly determine whether they have grounds for a lawsuit. Moreover, our experienced Avandia lawyers can inform victims of their legal rights and options, as well as their chances at succeeding in a lawsuit. So far, Avandia lawyers have already helped several victims and their families file lawsuits seeking compensation for their injuries.
If you would like to discuss your legal rights, or want more information on Avandia lawsuits, our experienced Avandia lawyers would be happy to answer your questions. Contact us today!
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