Court Approves $10M Settlement In Norvir Pricing Suit

Law360, New York (August 7, 2009, 12:54 PM EDT) -- Following an appeals court ruling for Abbott Laboratories in a class action accusing the company of jacking up the price of its HIV medication Norvir, a federal judge has granted final approval to a settlement under which the pharmaceutical company will donate $7 million to AIDS charities and pay an additional $3 million to indirect purchasers.

Judge Claudia Wilken of the U.S. District Court for the Northern District of California signed an order Thursday granting final approval to the settlement, noting that “negotiations were undertaken in...
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