GSK Has Reached A Confidential Settlement In The Cantlay/Harper Case Filed In California State Court; The Case, Which Was Set To Begin Trial On 13 November, Will Be Dismissed - 8K
Portfolio Pulse from Benzinga Newsdesk
Pharmaceutical company GSK has reached a confidential settlement in the Cantlay/Harper case filed in California State Court. The case was set to begin trial on 13 November but will now be dismissed. GSK has also settled the three remaining breast cancer bellwether cases in California, removing all related pre-trial hearings for the company.
October 11, 2023 | 10:47 am
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GSK's settlement of the Cantlay/Harper case and three other breast cancer cases in California removes potential legal risks and associated costs.
The settlement of these cases removes potential legal risks for GSK, which could have resulted in significant financial penalties and reputational damage. This could be seen as a positive development by investors, potentially leading to a short-term increase in the company's stock price.
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