The is offering 69 drugmakers sued over alleged Medicaid price fixing 30 days to reach a settlement before taking further legal action, Reuters reports. “The defendants will have a 30-day window in which to make an acceptable settlement offer. After that time, there will be no further settlement negotiations by the state,” Jere Beasley, lawyer for the plaintiffs, told a news conference. Alabama wanted $1 billion in compensatory damages and $3 billion in punitive damages, he added. Alabama Attorney General Troy King said he had sent letters to the drugmakers telling them that settling the case now would minimize the expense of litigation, according to documents given to journalists by his office. Alabama first sued more than 70 drugmakers in 2005, claiming they overcharged the state’s Medicaid program, which provides...
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