Www.ToprolSettlement.com – AstraZeneca Toprol XL Metoprolol Succinate Class Action Lawsuit Settlement
The amount of the AstraZeneca Toprol XL Class Action Lawsuit Settlement which can be found at www.ToprolSettlement.com is $10 million. Toprol XL is actually a heart medication and this settlement is about the price of it and the generic form of it called metropolol succinate. This is not a safety issue but more of a price issue. Youc can be a part of this and get compensation if you bought this product or if you reimbursed others for it. This also includes the generic version of it. You should have done this between May 5, 2005 to September 27, 2012. However, you will not be able to take part if you bought the product directly from the Defendants.
The only way that you can get compensation in the AstraZeneca Toprol XL Class Action Lawsuit Settlement is to file a claim form by April 1, 2013. You will be able to do this at the www.ToprolSettlement.com site. There are two different categories of buyers of the product in this case. One of them is the Consumer Class. This is for all those who paid for Toprol XL or the generic version which is metropolol succinate between may 5, 2005 to September 27, 2012. The second category is the third party payors. These are those who bought the product or the generic version of the product for their member or employers. They could also have bought them for their employees, their insureds, their participants and their beneficiaries. Third party administrators are also included. Others that also fall into this category are heath maintenance organizations and health and welfare plans that are self funded.
If you are part of the consumer class, you will get a portion of the $10 million settlement fund. The funds will be used to pay the legal fees. It will also be sued to pay for administrative costs and also to pay the Class Representatives. The Class Representative are also called the Plaintiffs. So what is left over will be divided equally between the two categories, So this means that the Consumer class will get 50% of the funds and the Third Party Payors will get the other 50%. So you should download the claim form and fill it out.
If you do nothing, do not expect to get any payment. Also do not think that you will be able to sue the company later if you wanted to. The only way you can do that is if you exclude yourself. You can do this by sending in a written request by the January 18, 2013 due date. There is an address that you can submit this to which you will find on the website. Also you will have to submit your name, your address, and your telephone number. In addition, you will have to provide the case name which is In re: Metroprolol Succinate End-Payor Antitrust Litigation. The case number is 06-cv-71 (GMS).
In addition, the court has appointed some lawyers to help you out if you need help. These lawyers are called class counsel and they are Joseph H. Meltzer and Terence Ziegler; Jeffrey S. Istvan and Paul Costa and Michael M. Buchman and Adam G. Kutz. You can write to them at the addresses that are provided to you at the site. The Class Counsel has asked for a fee of up to $3.5 million in order to help you. The class counsel are the ones who will be asking for the amount that the Plaintiffs will get. This is done during the Final Fairness Hearing. The Final Fairness Hearing will be held on March 7, 2013 at 1 p.m. This will be in the Wilmington, Delaware area. The requested amount is $2000 for each Plaintiff. There are three consumer plaintiffs. For the Third Party Payor representative, the class counsel will basically ask for $5000 each. There are nine of these Third Party Payor representatives.
You can get your own lawyer if you want to but my question would be why? Why pay money to get help when that help is provided to you for free? It does not matter which category you fall into, you will have the same types of legal rights. The deadlines are also the same even though there are separate links for the two categories. You can file online for the Third Party Payor or TPP.
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