Magazine article Drug Topics

Trial Set, Settlement Proceeds in Pharmacies' Class Action Suit

Magazine article Drug Topics

Trial Set, Settlement Proceeds in Pharmacies' Class Action Suit

Article excerpt

Nine drug companies and five wholesalers are scheduled to face a jury April 14 in the longrunning class action lawsuit brought by community pharmacies. The legal action alleges that a price-fixing conspiracy existed in the pharmaceutical industry.

Last year, 11 other manufacturers settied similar charges without admitting any wrongdoing. They agreed to pay $351 million and offer rebates or discounts to community pharmacies and buying groups that can move market share.

Various appeals that held up implementation of the settlement were finally resolved last month. The companies have until early November to come up with plans for offering the same kind of deals they give to nonretail pharmacy sectors. Still to come were details of when members of the class would receive the first installment of the settlement and its size.

U.S. District Court Judge Charles P. Kocoras set the trial date last month after the U.S. Court of Appeals for the 7th Circuit reversed him on four rulings he made leading up to the settlement. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.