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$49M Settlement Over Drug Price Manipulation Could Benefit Consumers: PA AG $49M Settlement Over Drug Price Manipulation Could Benefit Consumers: PA AG
$49M Settlement Over Drug Price Manipulation Could Benefit Consumers: PA AG If you purchased certain generic prescription drugs between 2010 and 2016, you might be eligible for a refund as part of a $49.1 million multistate settlement, Pennsylvania Attorney General Michelle Henry announced on Monday, Nov. 4. Pennsylvania joined 50 states and territories in a settlement with Heritage Pharmaceuticals and Apotex over alleged price manipulation and market control, impacting consumers by inflating prices and limiting competition. The companies will pay a combined $49.1 million and cooperate in ongoing multistate litigation, led by Connecticut, targeting 30 companies and …

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by Jillian Pikora
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Feds Charge Bergen Drug Company Owner With Embezzling $3.9M Feds Charge Bergen Drug Company Owner With Embezzling $3.9M
Feds Charge Bergen Drug Company Owner With Embezzling $3.9M Federal agents arrested the former chief executive officer and owner of a Bergen County pharmaceutical firm on Monday and charged him with embezzling millions of dollars from the company, authorities confirmed. John Klein, 75, transferred $3.9 million into an account that he tapped, in part, to pay credit cards charges for him and his wife, as well as for his kid's tuition, Acting U.S. Attorney Rachael A. Honig said. Formerly of Alpine and currently living in Palisades Park, Klein has been sued in federal court by several people with whom he either worked or collected investment money from …

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by Jerry DeMarco