All persons in the United States who purchased Paxil® or Paxil CR™ prescribed for consumption by a minor child may be eligible for relief as part of a $63.8 million Proposed Settlement. The lawsuit alleges that GlaxoSmithKline ("GSK") promoted Paxil® or Paxil CR™ for prescription to children and adolescents while withholding and concealing material information about the medication's safety and effectiveness for minors. GSK denies all claims.
Paxil® is a drug used to treat depression and anxiety disorders. It belongs to the family of drugs called selective serotonin reuptake inhibitors (SSRI). Paxil® is also called paroxetine hydrochloride.
If approved, the Proposed Settlement will provide $63.8 million to pay consumers, who submit valid Claim Forms, cash for the total amount they paid for Paxil® or Paxil CR™ Eligible Class Members can get up to 100% of the amount paid for Paxil(R) or Paxil CR(TM).
"I encourage all individuals who purchased Paxil® or Paxil CR™ for minors to visit the Web site or call the toll-free number to learn more about their legal rights and filing a claim," explained Class Counsel Stephen M. Tillery of Korein Tillery in St. Louis, MO.
Potential Class Members do not need to do anything to stay in the class, however, they must submit a Claim Form if they wish to obtain money from the Settlement. Claim Forms are available by visiting the Web site http://www.PaxilPediatricSettlement.com or by calling . Claim Forms must be signed and received by August 31, 2007.
Class Members wishing to exclude themselves or to object to the Proposed Settlement must do so as outlined in the Notice of Proposed Class Action Settlement, available by visiting the informational Web site http://www.PaxilPediatricSettlement.com or by calling . Those wishing to object or exclude themselves from the Proposed Settlement must do so no later than February 23, 2007.
The Court will hold a Final Approval Hearing on March 9, 2007. At that time, the Court will consider whether to approve the Proposed Settlement and award attorneys' fees and costs. All potential Class Members are encouraged to visit http://www.PaxilPediatricSettlement.com or call to determine if they are a Class Member and obtain information about their legal rights, how to file a Claim, or how to object or exclude themselves.