Did you or your business purchase generic prescription drugs in Idaho between 2009 and 2019? You might be entitled to a refund! A recent settlement totaling $17.85 million could mean you get your money back.
The Idaho Attorney General, Raul Labrador, joined forces with 48 states and territories to take on Lannett Company Inc., Bausch Health US LLC, and Bausch Health Americas Inc. over allegations of price-fixing and anti-competitive behavior. These companies were found to have conspired to artificially inflate prices, reduce competition, and unfairly restrain trade for various generic prescription drugs.
"These drug companies conspired to rig prices and eliminate competition, forcing Idaho families to pay artificially inflated costs for necessary medications," Labrador stated. "Through settlements so far, we’ve secured significant money for consumers, and we continue to pursue many more corporate defendants who participated in this scheme. Any Idahoan who paid for these generic drugs deserves to file a claim and get some money back."
The settlements are part of a larger multistate litigation against 30 corporate defendants and 25 individual executives. The companies have agreed to cooperate in ongoing investigations and implement internal reforms to ensure fair competition and compliance with antitrust laws.
But here's where it gets interesting. Idaho is one of only two states in the coalition that also secured restitution for businesses impacted by the alleged price-fixing conspiracies. If your business indirectly purchased the drugs and paid for or reimbursed some or all of the purchase price for one or more of the listed generic prescription drugs between May 2009 and December 2019, you may be eligible for compensation.
To find out if you're eligible, you can call 1-866-290-0182, email info@AGGenericDrugs.com, or visit www.AGGenericDrugs.com.
So, if you think you might be owed some money back, don't hesitate to take action! But remember, time is of the essence, and the first trial in the generic drug price-fixing cases is set to begin in Connecticut in late 2026. Will you be one of the lucky ones to receive a refund?
