$35 Million Lipitor Antitrust Consumer Class Action Settlement

Unsplash | Published: July 22, 2024

Claim Form Deadline: November 29, 2024

Payout: Varies

Proof required: Yes

What is the $35 Million Lipitor Class Action About?

A $35 million class action settlement has been reached with Pfizer over its Lipitor brand drug. The class action lawsuit alleges that Pfizer and Ranbaxy unlawfully kept generic versions of Lipitor off the market, causing consumers and third-party payors to pay higher prices for brand and generic Lipitor. Pfizer has agreed to a $35 million settlement, while the case against Ranbaxy is ongoing.

According to the Pfizer Lipitor class action lawsuit, Pfizer was accused of fraudulently obtaining a patent and using it to sue generic manufacturers, delaying generic versions of Lipitor. Documents revealed in the class action lawsuit filing alleged that Pfizer and Ranbaxy had entered an unlawful market-allocation agreement, where Pfizer paid Ranbaxy to delay entering the U.S. market with its generic Lipitor, causing ordinary consumers to overpay for branded Lipitor and generic atorvastatin calcium.

What is Lipitor and Atorvastatin?

Lipitor is a brand-name prescription medication manufactured by Pfizer. It is used to lower cholesterol levels and reduce the risk of heart disease. Lipitor belongs to a class of drugs called statins, which work by reducing the amount of cholesterol produced by the liver.

Atorvastatin is the generic name for Lipitor. It is also referred to as "generic Lipitor" or "atorvastatin calcium" in the context of this class action lawsuit. When patents on brand-name drugs expire, other companies can produce generic versions, which are typically less expensive but contain the same active ingredient and work in the same way as the brand-name drug.

How Do I Qualify for a Payout?

To qualify for a payout, you must be a member of either the Consumer Class or the Third-Party Payor (TPP) Class:

Consumer Class: Individuals who purchased or paid for branded Lipitor or generic atorvastatin calcium for personal or household use.

Third Party Payor (TPP) Class: Entities that purchased, paid, or provided reimbursement for branded Lipitor or generic atorvastatin calcium for their members, employees, insureds, participants, or beneficiaries in specific states during the period from June 28, 2011, through December 31, 2012.

How Do I Find Class Action Settlements?

Find all the latest Class Action Settlements you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How Much Will I Get Paid?

The exact amount you can get paid depends on whether you purchased branded Lipitor, generic Lipitor, or both, and the total amount of your purchases. The settlement fund will be distributed among eligible claimants based on these factors, but specific payout amounts are not detailed in the provided information.

How do I file a claim?

To file a claim, follow the steps below:

1. Complete the appropriate Claim Form:
   • Consumer Claim Form: This is the claim form for individual consumers.
   • Third-Party Payor Claim Form: For TPP members or their authorized agents.

2. Provide necessary information:
   • For consumers: Total purchases of branded and/or generic Lipitor and documentation of at least one purchase.
   • For Third Party Payors: Detailed transaction data supporting your claim.

3. Submit the Claim Form by the deadline of November 29, 2024:
   • Online: Complete and submit the form through the settlement website.
   • Mail: Send the completed and signed form to the official Lupitor class action claims administrator.

If you do not submit a valid claim Form by the deadline you may be prevented from receiving any payment from the settlement.

Do I Need Proof of Purchase to File a Claim?

You may need to provide documentation of at least one purchase. Acceptable documentation may include one or more of the following:

Records from your insurer or pharmacy
A note from your doctor or medical records
Explanation of benefits (EOB) from your health plan or insurer
Other records such as receipts, checkbook entries, or credit card statements

What is a (TPP) Third-Party Payor?

A Third-Party Payor (TPP) is an entity that purchases, pays, or provides reimbursement for prescription drugs on behalf of others. In the context of this class action lawsuit, a Third-Party Payor Class member is defined as entities that, for consumption by their members, employees, insureds, participants, or beneficiaries, purchased, paid, and/or provided reimbursement for some or all of the purchase price of branded Lipitor or generic atorvastatin calcium in specific states during the period from June 28, 2011 through December 31, 2012.

Examples of Third-Party Payors may include but not be necessarily limited to the following:

1. Health insurance companies
2. Self-insured employers
3. Union health and welfare funds
4. Health and welfare benefit plans

Claim Form Website: LipitorAntiTrustSettlement.com

Submit Claim

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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