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Recommend “Nina Totenberg” - Supreme Court Rebuffs Big Pharma In Zicam Suit (Email)

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Nina Totenberg

March 22, 2011

http://www.npr.org/2011/03/22/134771092/Supreme-Court-Rules-Against-Drug-Company

In a unanimous ruling with particular significance for the pharmaceutical industry, the U.S. Supreme Court has allowed investors to sue the maker of Zicam cold remedies.

The decision firmly rebuffs an effort by corporations seeking to make it more difficult to bring investor lawsuits.

Usually, lawsuits against a drug manufacturer are brought by consumers who allege they were harmed by the product. But Tuesday's case involved a class action brought by investors against Matrixx Initiatives Inc., the maker of Zicam products.


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