Alabama
Judge Upholds Verdict Against AstraZeneca
A jury found the company committed fraud in overcharging for prescription drugs in the state's Medicaid program.
The jury ordered the company to pay $40 million in compensatory damageds and $175 million in punitive damages. But the judge said the punitive damages could be no more than $120 million under Alabama law.
(Copyright 2008 by The Associated Press. All Rights Reserved.) © Copyright 2021, APR - Alabama Public Radio
(2008-06-19)
MONTGOMERY, AL
(APR - Alabama Public Radio
) -
A judge in Montgomery has upheld the fraud verdict Alabama won against AstraZeneca Pharmaceuticals. But he trimmed the damages judgment from $215 million to $160 million.A jury found the company committed fraud in overcharging for prescription drugs in the state's Medicaid program.
The jury ordered the company to pay $40 million in compensatory damageds and $175 million in punitive damages. But the judge said the punitive damages could be no more than $120 million under Alabama law.
(Copyright 2008 by The Associated Press. All Rights Reserved.) © Copyright 2021, APR - Alabama Public Radio