Drug Pricing Class Action Over Price Fixing In The Generic Pharmaceuticals Industry
Consumers of generic drugs often choose these products to save money over major-label brand name medications. When manufacturers unfairly conspire to thwart competition in the marketplace, consumers with limited funds are left with few choices. Unlawfully raising prices of popular generic drugs amounts to misconduct affecting the following:
- Third-party payors
- Health and welfare funds
When these buyers must pay unfairly high prices for generic prescription drugs, it is time for lawyers who protect consumers to act. That is what the attorneys at Edelson Lechtzin LLP in Philadelphia have been doing in recent years. Our legal team has filed 12 price-fixing cases against some of the world’s largest pharmaceutical manufacturers.
Civil Lawsuits And Criminal Investigations
Altogether, more than 100 class actions involving 18 drugs have been filed against these illegally price-fixing companies. Multidistrict price-fixing litigation against drug manufacturers has been consolidated in the Eastern District of Pennsylvania under the caption In re Generic Pharmaceuticals Pricing Antitrust Litigation, MDL No. 2724 (E.D. PA).
In addition to violating consumer protection laws, these companies have also been accused of criminal antitrust activity. Several high-level investigations have looked into these allegations.
- The Antitrust Division of the United States Department of Justice (DOJ) conducted an investigation at the federal level.
- The Attorney General of Connecticut led an extensive investigation looking into such practices in 45 states.
- U.S. Senator Bernie Sanders of Vermont and U.S. Representative Elijah Cummings of Maryland, before his untimely death in 2019, cosponsored a Congressional investigation into the same antitrust conduct.
Edelson Lechtzin LLP actively monitors such government investigations while also conducting its own independent investigation into price fixing in the generic pharmaceuticals industry.
Inquiries Are Welcome
Consumers, medical care providers, insurers and other interested parties are welcome to contact our law firm for more information about our investigation. Ask about our class actions lawsuits and learn about legal remedies that may protect the public from unlawful price-fixing practices by generic drug manufacturers.