TBA Law Blog


Posted by: Stacey Shrader Joslin on Nov 6, 2024

Tennessee Attorney General Jonathan Skrmetti recently announced settlements with corporate defendants Heritage Pharmaceuticals and Apotex — contingent upon obtaining signatures from all necessary states and territories — to resolve allegations that both companies engaged in widespread, long-running conspiracies to artificially inflate and manipulate prices, reduce competition and unreasonably restrain trade with regard to numerous generic prescription drugs. The deals total $49.1 million. As part of the settlement, both companies agree to cooperate in the ongoing multistate litigations against 30 corporate defendants and adopt a series of internal reforms to ensure fair competition and compliance with antitrust laws.