Walgreens, Par Escape Ill. Generic Overcharge Suit

Law360, Washington (July 27, 2012, 5:32 PM EDT) -- An Illinois federal judge on Thursday threw out a putative class action alleging Walgreen Co. and Par Pharmaceutical Cos. schemed to overcharge insurance companies and other third-party payors for generic versions of Zantac and Prozac.

The United Food and Commercial Workers Unions and Employers Midwest Health Benefits Fund sued the companies in January, accusing them of violating the Racketeer Influenced and Corrupt Organizations Act by overcharging for generic drugs. But U.S. District Judge Samuel Der-Yeghiayan said the violations didn't create standing for the private suit and...
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