The State of Alabama settled a lawsuit with six (6) pharmaceutical companies according to the Birmingham News. InjuryBoard member, Beasley Allen, and the law firm of Hand Arendall settled six Medicaid drug pricing lawsuits. The firm has already obtained several large jury verdicts for the State totaling $352.4 million, and those are being appealed.
70 drug companies have been sued by the State alleging that they manipulated drug prices which Medicaid must pay for prescription drugs. Ten companies have already settled for $35 million.
With four jury verdicts and sixteen substantial settlements, it is clear that these companies engaged in fraud against the State of Alabama. Once again, corporate greed shines through. When will a sense of right and wrong overtake greed?