Dexatrim Diet-Pill Maker Settles Initial Liability Lawsuit.
By Mike Pare, Chattanooga Times/Free Press, Tenn. Knight Ridder/Tribune Business News
May 8--Chattem Inc. has settled the first of some 300 lawsuits it is facing over a product once found in its Dexatrim diet pills, paying the plaintiff $3 million plus $500,000 for fees and expenses.
Alec Taylor, president of the Chattanooga-based consumer products maker, said the company had a substantial defense but the case also had risks.
"We were the first case supposed to go to trial. This establishes a benchmark for the other cases," he said.
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