Insurer Class Action Seeking Recovery of Rezulin and Rezulin-related Costs Dismissed

NEW YORK - The New York federal court overseeing Rezulin multidistrict litigation has dismissed a consolidated class action lawsuit seeking to recover on behalf of a class of health benefit plans the amounts the plans paid for Rezulin, diagnostic liver tests and future costs. In re: Rezulin Products Liability Litigation (MDL No. 1348), No. 00cv2843 (relating to 01cv2466) (S.D. N.Y.).

Basing its Oct. 22 decision on Laborers Local 17 Health and Benefit Fund v. Philip Morris, Inc. and Holmes v. Securities Investor Protection Corp., the U.S. District Court for the Southern District of New York ruled that, because the alleged …