After nearly five months following the announcement of the Actos Resolution Program, it appears that lawyers in our firm have garnered overwhelming support for the Resolution Program from lawyers and claimants alike. Although there is no official tally, as the Actos Claims Administrator continues to review enrollment materials for claims involving deceased Actos users and their representatives, I can confidently say that, according to our lawyers, more than 95 percent of the eligible claimants have enrolled in the Resolution Program. The final number is expected to exceed 97 percent once the Claims Administrator verifies the representative documentation submitted on behalf of numerous estates.
If the 97 percent threshold is reached, Takeda is obligated to pay an additional $30,000,000 into the settlement fund, which is great news for our clients and for clients represented by other law firms. We anticipate that Takeda will announce very soon that the settlement is effective (i.e., that it waives any right it may have under the settlement agreement to terminate the settlement agreement.) The announcement may well be made by the time we reach the printing press with this issue.
Once announced, lawyers for claimants enrolled in the Resolution Program will have 90 days to submit complete claims packages, which include all of the medical records necessary to prove the claim as identified in the Master Settlement Agreement. We expect the Claims Administrator to start reviewing those claims packages immediately.
Lawyers in the Mass Torts Section at Beasley Allen, including Andy Birchfield and Roger Smith, have worked tirelessly to educate lawyers and claimants alike on the terms of the settlement and the enrollment process. The hard work they put into crafting this resolution program for the thousands of individuals that have suffered needlessly as result of their exposure to Actos has been affirmed by the tremendous positive response we have seen from lawyers and claimants across the country. We couldn’t have done it without a committed team effort at Beasley Allen.
Any questions about the settlement or upcoming deadlines can be directed to Roger Smith at 800-898-2034 or by email at Roger.Smith@beasleyallen.com.
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