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AHP Redux Litigation Roster Adds Fraud Suit From Interneuron

Executive Summary

American Home Products' lingering Redux liability now includes a fraud lawsuit brought by its former marketing partner Interneuron.

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American Home Products will provide Interneuron with additional product liability insurance coverage for Redux litigation. Interneuron said May 31 that together with its existing insurance, "this total insurance coverage is sufficient to address its potential remaining Redux product liability." The agreement indemnifies Interneuron against Redux liability cases alleging primary pulmonary hypertension and cases that have already opted out of AHP's national class action settlement. In exchange, Interneuron will withdraw its fraud lawsuit against AHP (1"The Pink Sheet" Jan. 31, p. 16)

Diet drug litigation

American Home Products will provide Interneuron with additional product liability insurance coverage for Redux litigation. Interneuron said May 31 that together with its existing insurance, "this total insurance coverage is sufficient to address its potential remaining Redux product liability." The agreement indemnifies Interneuron against Redux liability cases alleging primary pulmonary hypertension and cases that have already opted out of AHP's national class action settlement. In exchange, Interneuron will withdraw its fraud lawsuit against AHP (1"The Pink Sheet" Jan. 31, p. 16)

AHP Redux Liability May Provide Two-Month Respite From Merger Offers

American Home Products may have until the end of March to weigh its options before facing the prospect of hostile takeover offers.

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