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Drug Wholesaler McKesson Corp Settles Lawsuit for $151 Million

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San Francisco-based McKesson Corp has settled a whistleblower lawsuit that alleged the drug wholesaler inflated drug prices on over 1,400 brand-name drugs between the years of 2001 and 2009. McKesson settled with the federal government this past April for $187 million. The company has agreed to settle with 29 states for $151 million.

Kris Fortner, a representative for McKesson told the Washington Post “We did not manipulate drug prices and did not violate any laws.” He said the claims made against the company in the whistleblower lawsuit, including violations of the false claims statutes, had no merit, but due to the “inherent uncertainty of litigation” the company felt a settlement “was in the best interest of our employees, customer, suppliers and shareholders.”

According to the Associated Press, New York will receive the largest part of the settlement at $36 million, while California will receive $24 million. The AP lists the other states involved in the settlement in alphabetical order: Arkansas, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Maine, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington, West Virginia and Wyoming and the District of Columbia.

breakinglawsuitnews.com disclaimer: This article: Drug Wholesaler McKesson Corp Settles Lawsuit for $151 Million was posted on Thursday, August 2nd, 2012 at 6:47 pm at breakinglawsuitnews.com and is filed under Fraud Lawsuits.

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