Bayer, Others Exit Price-Fixing Suit After High Court Win

Law360, Los Angeles (February 28, 2012, 8:12 PM EST) -- A California county on Monday settled its proposed class action accusing 11 drug companies of violating a federal pricing agreement by overcharging clinics serving the poor, nearly a year after the U.S. Supreme Court ruled that only the federal government can enforce such agreements.

Attorneys for Santa Clara County and 11 drugmakers, including AstraZeneca Pharmaceuticals LP, Bayer Corp. and Pfizer Inc., filed a stipulation to dismiss the suit Tuesday, saying that each of the parties will bear its own attorneys' fees and costs.

The plaintiff also...
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