SAN DIEGO, May 11, 2020 /PRNewswire/ -- The following is being released in the matter of Krueger v. Wyeth, Inc. et al, by Wyeth and Wyeth Pharmaceuticals Inc. and the law firms of Rushall & McGeever, Beasley Allen, P.C., and Gary Holt & Associates, P.A. (Counsel for the Plaintiff-Class).
Counsel for the Plaintiff-Class has reached a class action Settlement in the amount of $200 million with the pharmaceutical company Wyeth and Wyeth Pharmaceuticals Inc. ("Wyeth") regarding the prescription hormone replacement therapy medications Premarin, Prempro, and Premphase.
What is this case about? The lawsuit claims that Wyeth violated California laws by misstating the benefits and/or failing to disclose the risks of Premarin, Prempro, and Premphase purchased in California between January 1995 and January 2003. Wyeth denies it did anything wrong.
Who is included? An individual is included in this Settlement as a Class Member if they:
- Lived in California between January 1995 and January 2003;
- Bought Premarin, Prempro, and/or Premphase in California between January 1995 and January 2003; and,
- Are not claiming any personal injury from the use of Prempro, Premarin, and/or Premphase.
What Can a Class Member Get from the Settlement? There are two options to get money from the Settlement:
Option 1: receive a one-time payment of $458.64. This amount is equivalent to the average out-of-pocket cost of Premarin, Prempro, and Premphase between January 1995 and January 2003, multiplied by 24-months and adjusted for inflation. With inflation, the average cost is $19.11 per month. Claim must be supported by a sworn statement with information about prescriptions and purchases.
Option 2: receive a one-time payment of $19.11 for each and every month a Class Member purchased Premarin, Prempro and/or Premphase between 1995 and January 2003 (up to a maximum of 97 months or, $1,853.67). Claim must be supported by proof of purchases.
How Can Class Members Get a Payment? Class Members must submit a valid Claim Form by mail or online at www.CaliforniaHRTClass.com by September 1, 2020 to get a payment.
What Rights Do Class Members Have? If a Class Member does nothing, they will be bound by the Court's decisions and will get no money. As described above, if they want to get money from the Settlement, they must file a claim. If they want to keep their right to sue Wyeth and get no money from the Settlement, they must exclude themselves from the Class by July 14, 2020. If they stay in the Settlement, they may object to it in writing by July 14, 2020. The detailed notice describes how they can exclude themselves or object and is available on www.CaliforniaHRTClass.com.
The Court will hold a hearing on August 14, 2020 to consider whether to approve the Settlement and a request for Class Counsel fees of up to 25% of the Settlement Fund and reasonable expenses in an amount not to exceed $3.5 million to be paid from the Settlement Fund. Class Members or their own lawyer may appear at the hearing at their expense, but they do not have to attend.
For more information: visit www.CaliforniaHRTClass.com or call 1-888-356-0158.
SOURCE Wyeth and Wyeth Pharmaceuticals Inc. and Settlement Class Counsel from the law firms Rushall & McGeever, Beasley Allen, P.C., and Gary Holt & Associates, P.A.