Impax's $20M Settlement In Pay-For-Delay Suit Clears Hurdle

By Jimmy Hoover (April 5, 2018, 8:34 PM EDT) -- A Massachusetts federal judge gave her initial approval Thursday to Impax Laboratories Inc.'s $20 million midtrial settlement with a class of consumers and insurers that claimed the lab delayed the launch of a generic acne medicine in exchange for a $40 million payment.

Pending a fairness hearing where class members can object to the deal, U.S. District Judge Denise J. Casper gave her preliminary approval for the $20 million payout to a settlement fund for consumers and insurers who paid for Solodyn. The suit claimed Impax waited three years to launch its generic version of Solodyn after reaching an agreement in...

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