I don’t really care about the lawsuit angle - that’s just a horrific story and I feel horrible for the family.
I don’t want to get into the particulars of this case; I have an opinion on culpability but tbh none of us knows enough details to state it with certainty.
I would, however, like to say a word about lawsuits. Specifically, from the perspective of a plaintiff.
We lost my mom 9 years ago this week. She was 71. Ten days before she suffered a massive stroke, she was out with my niece’s wedding party until 4am. Vivacious, lively, affirming, she spent her life championing and coaching other women.
The grieving process was the hardest thing I had ever gone through. Still is - and I’ve had some pretty crazy life events (combat, homelessness, et al.)
A year, maybe 18 months later, my sister reached out to a lawyer. We knew she was on on a new blood thinner, Pradaxa, for about 6 months before her demise. Heart attack at age 50, quintuple bypass surgery a few years later, and from 2006-11 she lived with an aneurysm sitting on top of her aortic valve (they measured it every 3 months to monitor if it was thinning.) We always figured it would be the Heart. Complete WTH thing when she suffered a stroke.
Turns out when Pradaxa was initially approved (Oct 2010), there was no specific way to reverse the anticoagulant effect of Pradaxa in the event of a major bleeding event (unlike for warfarin, the drug she was on previously.) The pharmaceutical giant Boehringer Ingelheim, a German company which is the largest privately held drug maker, knew that. They’ve since developed an antidote and issued an advisory to monitor patients at risk (especially older folks.) But they were pot committed to a huge marketing campaign and sold the drug for five years. It was supposed to lessen the risk of stroke. In fact it became the very thing that caused bleeding on her brain. The mother####ers knew that would happen and they suppressed the information (there was some wild stuff that came out during discovery...recovered internal emails from servers they tried to destroy.)
Anyway....2014 they settled for $650 million to 3,900 claimants. We were in the second wave of payments, lawyers got 1/3rd. Split 4 ways amongst the children. Each of us got around $60K.
What do you do with that? It’s blood money. Hardly a bump in the road for Boeringer. They sell $1.75 billion of Pradaxa per year. Ten years running.
Oldest sister took her five kids and all the grandchildren on a dream vacation to Disney World, stayed on site, flew first class. Brother build a new pole building and did a modest remodel to his house. The other sister paid off her house (her refrigerator factory employee had closed & moved to Mexico, she had retrained as a physical therapist.)
I put mine in my daughter’s 529. I’m good, just didn’t feel right using it for anything on myself. It doesn’t lessen the hurt. I would have gladly paid someone twice that much if they could have kept her alive long enough for my youngest to remember her.
Lawsuits. What are they good for? Serious Q.