South Carolina Attorney General Alan Wilson joined a coalition of 48 states and territories to announce $17.85 million in settlements with Lannett Company, Inc. and Bausch Health. The agreements resolve allegations that the companies participated in long-running conspiracies to artificially inflate prices, stifle competition, and restrain trade for numerous generic prescription drugs.
As part of the resolution, both companies will cooperate in ongoing multistate litigation led by Connecticut against 30 corporate defendants and 25 executives. They have also committed to internal reforms designed to ensure future compliance with antitrust laws and promote fair market competition.
Expanding Litigation and Evidence
These latest agreements follow previous settlements with Apotex and Heritage Pharmaceuticals totaling $49.1 million. The litigation, which began in 2016, is built upon a massive database of 20 million documents and millions of phone records…