Wednesday, January 19, 2011

US Supreme Court Questions Barring Of Suit Over Bayer Cholesterol Drug - FoxBusiness.com

WASHINGTON -(Dow Jones)- The U.S. Supreme Court on Tuesday questioned a federal judge's decision to bar a group of West Virginia plaintiffs from proceeding with a class-action lawsuit over Bayer AG's (BAYRY, BAYN.XE) cholesterol-lowering drug Baycol, which was withdrawn from the U.S. market in 2001.

During an hour-long oral argument Tuesday, some members of the Supreme Court questioned whether Judge Davis went too far in issuing an injunction that barred the state-court class proceedings from taking place.
"The basic principle is you're entitled to your day in court," Chief Justice John Roberts said.

Read more: http://www.foxbusiness.com/markets/2011/01/18/supreme-court-questions-barring...

Posted via email from Jack's posterous

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