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Author: Heraklia Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 38  
Subject: Litigation down the road for Bayer? Date: 2/15/2003 11:13 PM
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As a new Fool, I'm shy to post, but one thing might be important in terms of Bayer AG. Bayer AG marketed Baycol, the cholesterol-lowering drug that was pulled from the market by the FDA in August, 2001.

My profession is mass torts (paralegal, not lawyer, so don't shoot me). There are literally thousands, maybe thousands, of plaintiffs going after Bayer AG (and GlaxoSmithKline, which was also involved) who are getting ready to sue the pants off Bayer AG. This won't be as big as the breast implant litigation settlements against Dow years back, but it will be back. I have personally seen documents which suggest Bayer knew that some people developed fatal illnesses after taking Baycol and that they - at the very least - weren't forthcoming with their evidence. That may mean big settlements, or it may not.

In any event, I know I'd be very wary about buying Bayer AG stock anytime soon until this mass tort litigation sorts itself out. Here are a couple of links:

About the withdrawal: http://www.fda.gov/cder/drug/infopage/baycol/default.htm

The mass torts page for all cases in the class action, nation-wide:

http://www.mnd.uscourts.gov/Baycol_Mdl/
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