Fen-Phen Settlement

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$4 Billion Fen-Phen Settlement Reported

WASHINGTON, Sept. 19, 1999 -- American Home Products has offered to pay $4 billion to settle consumer class action lawsuits involving fen-phen, the New York Times reported.

The diet pills were taken off the market in 1997 after reports that they could cause heart-valve damage.

The $4 billion settlement would be used to set up a fund that would compensate persons who had already been injured and to monitor consumers who had taken the drug but not yet developed symptoms.

It's estimated that at least 6 million people took diet pill combinations of fenfluramine and phentermine before the combination was withdrawn. There were about 4,100 suits pending at the time of the reported settlement.

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