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|Nexium Class Action Settlement|
- Wednesday, 03 April 2013 09:06
Nexium Class Action Settlement
By Kimberly Mirando
Details on how to file a claim for the Nexium class action lawsuit settlement have arrived! If you purchased the heartburn medication Nexium in or from Massachusetts since March 2001, you may be able to claim a cash payment from the $20 million class action settlement.
The Nexium settlement resolves a long-running class action lawsuit (Commonwealth Care Alliance, et al. v. AstraZeneca Pharmaceuticals L.P., et al.) that accuses AstraZeneca of deceptively marketing Nexium as superior to its other heartburn drug, Prilosec, and its generic version, omeprazole, in order to get consumers to purchase the more expensive Nexium.
AstraZeneca denies the allegations but has agreed to establish a $20 million class action lawsuit settlement to resolve the litigation.
Class Members of the Nexium class action settlement include any person or entity who, from March 1, 2001 through February 6, 2013:
- Purchased Nexium in or from Massachusetts, or
- Reimbursed or paid for Nexium dispensed in Massachusetts, or
- Reimbursed or paid for Nexium purchased by mail order from Massachusetts
If the settlement is granted final approval, Consumer Class Members will receive 43.38% of the net fund, and Third-Party Payors will receive 56.62% of the net fund.
If you are a consumer, you have two payment options: a flat-rate payment of $25 or a full refund of the amount you paid for Nexium. Uninsured consumers who paid for Nexium with cash can receive $97 per prescription or 54% of the total amount they paid. Insured consumers who paid for Nexium with a co-pay or coinsurance can receive $17.50 per prescription or 61% of the amount paid.
Third-Party Payors will receive an estimated 44.5% reimbursement of the amount they paid.
The only way to receive a cash award from the Nexium class action settlement is to submit a valid Claim Form postmarked, faxed, emailed or submitted online by August 30, 2013.
Claim Forms and more information on your rights in the Nexium Class Action Lawsuit Settlement can be found at www.MassachusettsNexiumLitigation.com.
Updated April 3rd, 2013
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Last Updated on Monday, 01 July 2013 13:41