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Violation Tracker Individual Record

Company: Takeda Pharmaceutical Co. Ltd.
Current Parent Company: Takeda Pharmaceutical
Penalty: $2,400,000,000
Year: 2015
Date: April 27, 2015
Offense Group: safety-related offenses
Primary Offense: drug or medical equipment safety violation
Secondary Offense: product safety violation
Mega-Scandal: Pharmaceutical Hazards
Violation Description: In April 2015 Takeda announced that it would put up to $2.4 billion into a fund to settle multi-district litigation alleging that its diabetes drug Actos increased the risk of bladder cancer: (click here)
Level of Government: federal
Action Type: private litigation
Court: Western District of Louisiana
Civil or Criminal Case: civil
Case ID: 6:11md2299
Case Name: In Re: Actos (Pioglitazone) Products Liability Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.