VITAMIN SETTLEMENT REACHED WITH INDIRECT PURCHASERS
Eisai Co., Ltd. of Tokyo, Japan announced on October 10th in the U.S. that it, along with other vitamin manufacturers, had reached settlement agreements with indirect purchasers, such as consumers and business entities, of synthetic vitamin E. The settlement amount of the company is $11.86 million (approximately 1.28 billion including attorney fees).
This settlement encompasses indirect purchasers in 21 U.S. states and in the District of Columbia and Puerto Rico as well as with indirect purchasers in California (in a separate agreement). In addition, agreements were reached with 47 state governments as well with the District of Columbia and Puerto Rico excluding the states of Massachusetts, Mississippi, and Missouri.
Aside from indirect purchasers in several other states whose claims are based on separate legal compensation statutes, the conclusion of these agreements substantially settles most of the claims of indirect purchasers.
The settlement includes the following states and jurisdictions:
(*Note: an exchange rate of 1$=108 was utilized in the settlement amount.)
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