Liability Risk and Insurance
AHP takes new US$4.75bn fen-phen charge
American Home Products plans to take an additional charge, not exceeding US$4.75bn, to cover its remaining liability to former
users of its ‘fen-phen’ diet drugs. Much of this will fall into the fourth quarter of this year. This is in addition to the
US$4.75bn charge taken in the third quarter of 1999.