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Consumer OTC Drugs

Chattem PPA case

This article was originally published in The Tan Sheet

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Executive Summary

A federal judge for the Western district of Washington announced an intention to approve Chattem's class action settlement of phenylpropanolamine (PPA) litigation relating to the company's Dexatrim brand at an Aug. 26 hearing. The consumer products firm had entered into a memorandum of understanding with the plaintiff steering committee in December (1"The Tan Sheet" Dec. 22, 2003, In Brief). Chattem estimates it will record pre-tax charges of $10 mil. to $15 mil. compared to an earlier estimate of $20 mil. to $25 mil...

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