44 states sue top generic drug makers over “industry-wide conspiracy” to inflate prices up to 1,000 percent.
Teva, Pfizer, Novartis and Mylan are among the conspirators.
This is likely the biggest price-fixing scheme in U.S. history.
A coalition of 44 states, led by Connecticut, filed an evidence laden lawsuit including phone records and emails which detail coordination and agreements to raise prices. These drug manufacturers systematically cheated consumers out of billions of dollars.
This lawsuit filed on Friday is version 2.0 of a pending 2016 lawsuit.
Generic industry officials deny they conspired to inflate the prices of generic drugs by as much as 1,000 percent.