Judge Rejects US Drugmakers' Settlement
Noting that the plan did not require changes in manufacturers' pricing policies, a US federal judge has reversed his February 15 decision and thrown out a proposed settlement by 15 drugmakers to pay $408.9 million to settle a class-action lawsuit claiming they conspired to fix prices charged to retail drugstores (Marketletters passim). It is felt the judge was swayed by the objections of many pharmacists. He also ruled that the retailers had presented enough evidence to warrant a trial of those drugmakers as well as seven other companies that did not take part in the settlement. The trial is due to start May 7.
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