Press Releases

Attorney General Gordon C. Rhea yesterday joined a coalition of 43 states and territories seeking court approval of a $400 million settlement with Sandoz Inc. and Fougera Pharmaceuticals Inc. to resolve allegations that the generic drug manufacturers engaged in a widespread, long-running conspiracy to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade with regard to numerous generic prescription drugs. The States previously announced a settlement in principle on August 3. All 43 states and territories have since signed onto the agreement and a motion for preliminary approval of the settlement was filed yesterday in the United States District Court for the District of Connecticut in Hartford.