Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

RICO Antitrust Class Action Alleges|Giant Conspiracy In Prescription Drugs

BOSTON (CN) McKesson Corp. and First DataBank fraudulently inflated the wholesale mark-up price of hundreds of prescription drugs, according to a RICO antitrust class action in Federal Court. Plaintiffs say McKesson distributes about 30 percent of "all pharmaceuticals in the United States," reporting more than $100 billion in revenue this year.

Lead plaintiff the City of Panama City, Fla. demands treble damages for racketeering, antitrust violations, and other charges. Its lead counsel is Mitchell Matorin of Needham, Mass.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...