Scrip is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Settlement proposed in class action suit for Schering-Plough

This article was originally published in Scrip

Executive Summary

Schering-Plough has agreed to pay $165 million to settle a US class action lawsuit that claimed that the company misled investors before announcing on February 15th, 2001 that the FDA would withhold approval of its Claritin successor, Clarinex (desloratadine), until quality control problems were resolved at four of its US plants, according to lawyers representing the plaintiffs in the shareholder suit.



Related Companies




Ask The Analyst

Please Note: Click here for more information on the Ask the Analyst service.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts