Court: Superior Court
Location: Arizona
Hagens Berman Sobol Shapiro and Arizona Attorney General Terry Goddard filed a suit on behalf of the state of Arizona, challenging 42 drug companies' practice of charging inflated prices for their medications based on Average Wholesale Price ("AWP").
This case was brought on behalf of the state of Arizona, thousands of patients and third party payors to obtain equitable and injunctive relief.
The complaint alleged that, in violation of the Arizona Consumer Fraud Act, the drug companies manipulated or misstated the AWP causing the government and consumers to over pay for their drugs by tens of millions of dollars.
The suit claimed that the AWP reported by the defendant pharmaceutical manufacturers bears a minimal relationship to the prices actually paid by physicians or pharmacies and is at times doubled and tripled the price for the purpose of manipulating pharmaceutical markets and increasing market share.
Hagens Berman Sobol Shapiro also represented the State of Nevada in a similar case as well as a nation wide class-action lawsuit against the top pharmaceutical manufacturers on behalf of individual consumers and third party payors.
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