GNC Liability In Ephedra Lawsuits Is Limited, Numico Says
This article was originally published in The Tan Sheet
Executive Summary
Rexall Sundown and GNC have been named in 137 product liability lawsuits involving ephedrine alkaloid-containing dietary supplements, former parent company Royal Numico disclosed in a year-end financials release March 4
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Ephedra fallout
Incoming legal claims related to ephedra-containing products sold by Rexall Sundown and GNC "continue to reflect a stable trend," Dutch firm Numico maintains. Since the beginning of May, active cases filed against GNC and Rexall increased by 44, Numico says. The firm retained litigation risk when it divested the subsidiaries in 2003, and reported 137 liability suits had been filed as of March 1 (1"The Tan Sheet" March 8, 2004, p. 10). Numico continues to stress it has "adequate insurance in the form of an occurrence-based policy" to cover its ephedra risk...
Ephedra fallout
Incoming legal claims related to ephedra-containing products sold by Rexall Sundown and GNC "continue to reflect a stable trend," Dutch firm Numico maintains. Since the beginning of May, active cases filed against GNC and Rexall increased by 44, Numico says. The firm retained litigation risk when it divested the subsidiaries in 2003, and reported 137 liability suits had been filed as of March 1 (1"The Tan Sheet" March 8, 2004, p. 10). Numico continues to stress it has "adequate insurance in the form of an occurrence-based policy" to cover its ephedra risk...
Ephedra fallout
Incoming legal claims related to ephedra-containing products sold by Rexall Sundown and GNC "continue to reflect a stable trend," Dutch firm Numico maintains. Since the beginning of May, active cases filed against GNC and Rexall increased by 44, Numico says. The firm retained litigation risk when it divested the subsidiaries in 2003, and reported 137 liability suits had been filed as of March 1 (1"The Tan Sheet" March 8, 2004, p. 10). Numico continues to stress it has "adequate insurance in the form of an occurrence-based policy" to cover its ephedra risk...