$85M Generic Pharmaceuticals Pricing Antitrust Litigation

Unsplash / Volodymyr Hryshchenko | Published: March 15, 2024

Claim Form Deadline: May 6, 2024

Payout: Varies

Proof required: Yes

What Is The Generic Drug Settlement About?

An $85 million class action has been reached with Sun Pharmaceutical Industries and Taro Pharmaceuticals. The class action lawsuit claims that certain generic drug manufacturers broke antitrust laws, leading to artificially higher prices for common generic drugs such as amphetamine, amoxicillin, gabapentin, baclofen, and others. While the generic drug producers have not admitted to any wrongdoing, they have agreed to pay out the massive settlement of $85,000,000. The breakdown of payments is as follows: Sun Pharmaceutical Industries has agreed to pay $17,357,000, while Taro Pharmaceuticals is paying $67,643,000 as part of the total Class Action Settlement Fund.

How Do I Know If I Qualify For a Payout?

All individuals or organizations who directly purchased one or more of the included generic drugs from one or more company Defendants in the United States and its territories, at any time during the period from May 1, 2009 until December 31, 2019 are eligible for payout in this Settlement. The following are some of the generic drugs are included in the settlement:

Generic Drug
VALSARTAN
VERAPAMIL
WARFARIN
TOLTERODINE
THEOPHYLLINE
TRIAMCINOLONE
PROPRANOLOL
DEXTROAMPHETAMINE
BACLOFEN
BENAZEPRIL
CIMETIDINE
DIVALPROEX
ENALAPRIL
PERPHENAZINE
POTASSIUM CHLORIDE
METFORMIN
FLUOCINONIDE
LEVOTHYROXINE
GLIMEPIRIDE
GABAPENTIN

For an more complete list of the generic drugs and pharmaceutical manufacturers included in the generic drug settlement please find it in the claim form on pages 4 through 10 (see below for a link to the claim form).

Class members who did not receive a claim form by email must provide proofs such as receipts, or prescription orders as proof of purchase of at least one of the named generic drugs directly from a defendant company.

How Much Can I Get Paid?

The $85 million Settlement fund will be divided among all Class Members who submit valid and timely claim forms on a proportional basis. At this stage, there is no predetermined payout amount, but the minimum payment amount is estimated to be at $25.00 per claim. Payments will be made based on the proportion of Named Generic Drugs directly purchased from Defendants between May 1, 2009, and December 31, 2019. Typically, those with more purchases are anticipated to receive a higher, pro-rated payout.

How Do I File a Claim and Get Paid?

If you believe you are part of Settlement you should submit a valid and timely claim form by mail and send it postmarked by May 6, 2024. There is no online claim form available at this time so please submit a claim by snail mail in order to receive a payout: