Thursday, June 25, 2009
Kentucky Lawsuit Nets $16 Million Judgment
Attorney General Jack Conway has announced a $16 million judgment has been handed down as the result of a lawsuit against Sandoz, the generic drugs division of pharmaceutical giant Novartis. The lawsuit claimed the company defrauded the Medicaid program and Kentucky consumers by inflating prices of prescription drugs. Prior to this judgment, Conway's office had settled cases with four other drug companies for an amount that exceeds $14 million. The Attorney General's Office has filed lawsuits against 47 pharmaceutical companies, claiming they defrauded Medicaid, violated consumer protection laws and engaged in false and deceptive advertising.
# posted by Homer Owens @ 7:35 PM 
