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Eli Lilly and Company (LLY) Settles Wrongful Death Lawsuit



4/10/2013 8:45:47 AM

Eli Lilly and Co. has settled a long-running wrongful death lawsuit filed by the parents of a South Dakota boy who committed suicide on Christmas Eve 2004, four weeks after taking the antidepressant Cymbalta. The settlement comes a month before a jury trial was set to begin in a South Dakota federal court. Terms weren’t disclosed in court filings. An order filed last week by a magistrate judge said the settlement involved setting up a trust fund bearing the name of the 16-year-old boy, Peter Schilf. The order also refers to “payment by Lilly of the agreed confidential amount.”

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