Corporate
Apr. 12, 2011
Abbott Customers Get $52 Million
A class of drug retailers and wholesalers who sued Abbott Laboratories over a price increase for an HIV drug will receive $52 million under the terms of a settlement filed with the court Friday.
Daily Journal Staff Writer
SAN FRANCISCO - Every lawyer knows litigation is a little like gambling, and in a recent month-long antitrust trial against pharmaceutical company Abbott Laboratories, three of the four sets of plaintiffs suing the company over its price increase for an HIV drug decided to settle, before the jury could decide their claims.
One of those sets of plaintiffs - a class of direct purchaser drug retailers a...
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