AP NEWS

Attorneys general: Settlement talks ongoing in drugs lawsuit

December 18, 2018

BATON ROUGE, La. (AP) — Attorneys general in Connecticut and Louisiana say settlement talks are ongoing in a federal antitrust lawsuit accusing companies that produce generic prescription drugs of price-fixing.

Connecticut Attorney General George Jepsen, the Democrat leading the lawsuit, confirmed Tuesday that negotiations are underway and said he expects announcements in 2019.

Jepsen said he anticipates multiple settlements with different companies about specific drugs, rather than a global settlement.

Forty-seven states are involved in the lawsuit, alleging that 18 generic drug manufacturers illegally colluded to inflate prices for treatments for conditions including high blood pressure, diabetes and arthritis.

Jepsen spoke in a conference call with Louisiana Attorney General Jeff Landry, a Republican.

Landry says he hopes Louisiana uses its share of any settlements with the drug companies to reduce health costs in the state.