Todd Wallack, Boston Globe, on a Plymouth Family's Tragic Story
Feb 14, 2013|
Todd Wallack, Boston Globe, on a Plymouth Family's Tragic Story
Transcript - will not be 100% accurate
The password for today's contest is posted on our financial exchange. FaceBook page so if you missed it -- pretty tight with that pastor -- gave it out what I think is that you're embarrassed. For the past that turned bridge -- -- and little little humiliating minutes ago. Our guest is -- wallet from the Boston Globe good morning Todd welcome to the show very good market. You know I got to tell you when I read. The headline for the story about this Stanley being awarded 63 million dollars in the Motrin case. I said wow you know it seems like an overstatement but after I read your story as it while it is this they should have been given a 163 million fit that. Yes should -- -- they'll tell us about it if you futile gesture so. They after Thanksgiving. Ten years ago and 2003. To bear the record seven year old girl whether. RO little sections short -- fever and I'm not feeling well also. -- father. -- -- church -- stop by the store and bought. You know some promote children's Motrin. Partly by B pro and common ground the receiver. There's got to follow their very flavored liquid favorite those. It was more the next day and she started showing some red blockages owners again and still running appear. And so parents are worried occurred it would doctor immediately. Doctor. I was wondering maybe -- vehicles may be something else that prescribes more children's -- Sadr take a three times a day. And the situation just kept getting -- should start developing -- bombs all over body. There was Bewkes around -- -- and -- that made it hard for her open her eyes. And actually after you went to hospital. And Erskine was just getting worse and worse you have pain assessment and out of and -- she was hydrated. -- Air conditioned just kept spiraling. Downward in the doctors had never seen anything like it didn't know what to make it that. And it turned out that she developed. This. Pretty pretty rare. Disease called Stevens Johnson syndrome. And in the worst case of it. I called parent. And it was almost like literally boiling but you know. Number. Didn't she eventually go blind from distant capital permanently blind guess. Suffered permanent injuries and -- Vermont and in and out of the hospital that open. I think nineteen surgeries. Her parents didn't know whether she was evocative fashion that would trouble breathing. And it wound up suffering. Permanent damage to pearl river along -- -- can run -- 150 you walk a hundred yards. Without being part out you legally blind. Which is short term memory loss. -- that this is something shall be living where it. For the rest of her life. So how did the jury come up with an award of this dollar amount to 63 million dollar. I'm looking at the jury form they the jury basically says. We think that the company didn't adequately warn the parents. About the potential reactions basically it'll allergic rare extremely. Severe allergic reaction to the drugs and the jury believe that if there were better awarding. That the parents couldn't stop the doctors couldn't stop giving her the boat trip right away for became so severe before caused all these problems. There isn't good explanation of the purest form. Itself exactly how they came up with the amount of people -- that. All of this problem was because of the lack of warning. And when you consider. On them months and months. Severe. Hostile relations that the girl went through the fact that this is permanent damage that she's gonna have to live with for the rest of her life but you're talking about seven year old. -- seventeen. But now out six and sixty. And but tremendously. Sympathetic. -- situation and I think. I I have to imagine that the twelve jurors. Just had tremendous empathy for her situation and the parents. And the pain and suffering and probably also -- the punish the company for. Not doing more to warn parents about this. Todd any other cases across the country are internationally even word this type of that is the CE had a similar reaction. Yeah so that their house then I hear is applauses. I should say that the lawsuit are not just against. Motrin and there are a number of drugs -- -- Motrin just one brand of Ibuprofen. But there are a lot of drugs that caused the allergic reaction and it's very rare but it can't happen. And they're been a number of companies accused of not having adequate warnings. And Johnson & Johnson in particular. As. Based some really big judgment -- that ten million dollar judgment and another 42 million dollar judgment. So. This is starting the cost Johnson & Johnson quite a lot of market. I think it'll appeal this the settlement. They said they're looking at their legal options. Out appealed and passed judgment and have always been successful. And I talked to lawyers. You know. The judge still has societal pharmacists what the jury did judge could modify it. But this is an experienced legal team they have a track record of getting the dollar judgment. And the judge is also very experienced so it's it's not likely that there were part of. Are we brought over -- -- tough to overturn the yeah our -- and the appellate court still like to overturn. Cases unity they do it with great resistance with any impact on the stock price on looking at Johnson & Johnson stock it's actually up today nineteen pennies. It's really interesting and last time I was searching through there at CE filing and couldn't find any disclosure about. Legal liability. For these types of cases. Yes some -- it's a good reminder some companies are more diligent about warnings about the potential. -- damaged and cost of litigation and others. But it's also a reminder. -- -- didn't -- and huge. So they could be at a if stockholders just figures that there work. You know so much money that forty. Or 63 million in even if he added interest that becomes a 109 million it's just a drop in the bucket compared to the overall war. No we look at them they're worth 210 billion that's a market cap so it's a drop like you say it's a drop in the bucket. He had -- nice work on that most of their heart wrenching story goes to work on I would. Errol -- thank you may appreciate your work they are. That's -- walk Boston Globe. Up next -- to talk about another base state company it's called eight bio med they're located in Dan -- Kind of a cool story here about new technology coming out of a -- stay with us that's next.