Generic Drug Companies Face a Price Fixing Lawsuit

Free Case Evaluation

Generic Drug Companies Face a Price Fixing Lawsuit

Forty-four states have filed a lawsuit against more than 20 drug manufacturers, accusing them of scheming to inflate the prices of more than 100 generic drugs.

According to the lawsuit, Sandoz, Pfizer, Mylan, Teva and 16 other drug manufacturers conspired to increase the prices affecting Medicare and Medicaid, the health insurance market and individuals. One report discovered that the prices of over 1,200 generic drugs increased about 448% between July 2013 and July 2014.

“During a 19-month period beginning in July 2013 and continuing through January 2015, Teva significantly raised prices on approximately 112 different generic drugs. … The size of the price increases varied, but a number of them were well over 1,000%,” the document said.

“We have emails, text messages, telephone records, and former company insiders that we believe will prove a multi-year conspiracy to fix prices and divide market share for huge numbers of generic drugs,” Connecticut Attorney General William Tong said. “We will not stop until these companies and the individuals who orchestrated these schemes are held accountable.”

“I’ve seen generics come on the marketplace and patients be asked to pay $17,000 for a generic that otherwise should have cost $7,” said Dr. Stephen Schondelmeyer, head of the Department of Pharmaceutical Care & Health Systems at the University of Minnesota College of Pharmacy. “That is a signal of a marketplace that’s broken.”

Minnesota Representative Rod Hamilton, who has multiple sclerosis, has personally been affected by this issue.

“I’ve been emotional through all of this but, forgive me, I’m just pissed off,” Hamilton said.  “When you have the greedy, corporate drug cartel building a business model that is stealing from the sick, dying and disabled, that is quite frankly maddening.”

Teva spokeswoman Kelley P. Dougherty said that the allegations in the new lawsuit are just allegations.  She said the company “has not engaged in any conduct that would lead to civil or criminal liability” and “is committed to complying with all applicable laws and regulations.”

The lawsuit seeks damages, civil penalties and court actions to repair competition in the generic drug market.

If you would like information about personal injury claims, visit Cohen & Cohen 

workers compensation attorneys in dc
[divi_library_shortcode id="987499082"]

Injury Attorneys DC, MD, VA – Get the Compensation You Deserve! Whether you have been injured in a car accident, a malpractice victim, injured on the job, as the result of shoddy craftsmanship, or in a slip and fall, we can help! Our experienced, competent attorneys excel in all areas of personal injury law.

Practice Areas 

FREE CASE EVALUATION

Our team is available and ready to help you with your case. Feel free to contact us via the form below or call us 24/7 at 202-955-4529

Recent Posts

Client Review

"The legal team at Cohen & Cohen did a great job I really appreciate the hard work on gating my compensation in a fair amount of time. Special thanks to Kris for a wonderful job."
Jose Rivera
Client Review

"I had a great experience with the team at Cohen & Cohen. From my intake attorney, Adam, to the paralegal, Bryan, who worked with me regularly for months to document and prepare my case, to Jill, the attorney who secured my settlement, I feel fortunate to have had their representation and expertise on my side."
Lea Harvey
Client Review

Read more:

Hear from our clients

If you have been injured, contact Cohen & Cohen for a free case evaluation today. Our staff is available 24/7 to assist you.

Cohen & Cohen has an  impeccable Client Satisfaction Rating with hundreds of
5 STAR Reviews. We are among the best-rated firms in the areas we serve.

Cohen & Cohen has an  impeccable Client Satisfaction Rating with hundreds of
5 STAR Reviews. We are among the best-rated firms in the areas we serve.

L Proctor
August 30, 2022.
My experience with Cohen &Cohen was beyond my expectations. Jill did an amazing job with negotiating on my behalf and got me way more money than I anticipated. Thank you for having my back.
Ebony Stoutmiles
June 23, 2022.
To say that I am happy with the outcome of my case is the understatement of the century! Jill Stanley is a BEAST at what she does. That is the only way to explain it. She takes no prisoners. She and her team are very skilled and knowledgeable. I am so happy I trusted them to do their job and rolled with Jill's suggestions. I would choose Jill again 100 times. She settled my case for more than I imagined I would receive. I was literally in tears. It is the best feeling to know my pain isn't for naught. Wayne Cohen and Kristopher Yorke were nothing short of amazing. They have the patience of saints. I'm 100% certain that I got on their last nerves with my frustration and tears at every other call I had with them. Being in pain and wanting to just be able to heal was all I could focus on, but they helped me realize that I also had to focus on the bigger picture (the case) so I could put this piece behind me. As a high-strung individual with anxiety, it was hard for me to not worry and let them do their jobs, but they reassured me all of the time that they had this. To be injured before the start of the pandemic and have to receive regular, weekly treatment while others are able to stay home is anxiety inducing. I was in pain, I was anxious, and I was just hoping it all worked out. It more than worked out. I hope Jill, Siri, and Kris know how much their hard work and "hanging in there" meant to me. I am eternally grateful. I can't recommend you all enough. If you choose this law firm, you won't be sorry!
Beloved Temple
June 3, 2022.
I was very pleased with the handling of my case and settlement with Cohen& Cohen. I appreciate them, would highly recommend them.
willie howell
May 25, 2022.
COHEN & COHEN ARE THE BEST I WAS INVOLVED IN A REAR END CAR CRASH AND 2 YEARS LATER I HAVE RECEIVED MY SETTLEMENT I AM VERY EXCITED TO SAY BRYAN!!! IS THE MAN HE INSURED THEY WILL TAKE CARE OF ME AND THEY DID 100% ANY QUESTIONS I ASKED THEY WERE ANSWERED. Jill and SIRI WAS ALSO REMARKABLE AND SHOWED THEY REALLY CARED I RECOMMEND COHEN &COHEN TO ANYONE THEY ALSO MADE SURE I GOT MORE THAN EXPECTED WHICH WAS AMAZING I APPRECIATE YOU GUYS THANK U💯
Jose Rivera
May 25, 2022.
The legal team at cohen & cohen did a great job I really appreciate the hard work on gating my compensation in a fair amount of time. Special thanks to Kris for a wonderful job
Lea Harvey
May 25, 2022.
I had a great experience with the team at Cohen & Cohen. From my intake attorney, Adam, to the paralegal, Bryan, who worked with me regularly for months to document and prepare my case, to Jill, the attorney who secured my settlement, I feel fortunate to have had their representation and expertise on my side.
Cameron Galloway (HustleDaGod)
May 19, 2022.
Kris was phenomenal. Spectacular communication & knowledge in regards to my case. Would definitely return if I needed more legal services. 100% definitely recommend.