Nexium Class Action Lawsuit Settlement

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Nexium Class Action Lawsuit Settlement

Award (how much your claim may be worth): If you live in Massachusetts or had prescriptions filled in that state, you can receive a partial cash refund from the Nexium class action settlement. The settlement applies to both consumers and third-party payors.

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Class Action Lawsuit Settlement Case(s): Commonwealth Care Alliance, et al. v. AstraZeneca Pharmaceuticals L.P. et al., Case No. 05-0269 BLS; Suffolk County Superior Court, Massachusetts.

Company(ies): ASTRAZENECA PHARMACEUTICALS, L.P.; ZENECA, INC.; ASTRAZENECA, PLC.

Address to submit a claim form (REQUIRED):

Phone Number to call for assistance: (866) 881-8313

Details: 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.

Prescriptions Filled From: March 1, 2001 to February 6, 2013

Claims must be postmarked by: 8/30/13

Settlement Administrator(s): GCG, Inc.

Class Counsel:

Craig R. Spiegel

HAGENS BERMAN SOBOL SHAPIRO LLP

Defense Counsel:

Alycia A. Degen

SIDLEY AUSTIN LLP

UPDATE: The Settlement Administrator, Garden City Group, has posted an update that distribution of settlement checks began in late 2013 and is ongoing. Class Members who submitted a valid claim will likely see their checks soon.

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