Abbott Board Must Face Depakote Investor Suit, Judge Says
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An Abbott Laboratories stockholder suit accusing directors of shirking their duty to supervise the marketing of its epilepsy drug Depakote can go forward, a federal judge ruled.
The suburban-Chicago drugmaker agreed to pay $1.6 billion last year to settle federal and state claims its sales force engaged in improper marketing of the medication and downplayed risks associated with it from 1998 to 2006.