Judge Approves AstraZeneca Fraud Verdict

posted on:
June 19, 2008

author:
Wendi Lewis

category:
Fraud

A judge in Montgomery has upheld the fraud verdict Alabama won against AstraZeneca Pharmaceuticals. But he trimmed the damages judgment from $215 million to $160 million.

A jury found the company committed fraud in overcharging for prescription drugs in the state’s Medicaid program.

The jury ordered the company to pay $40 million in compensatory damages and $175 million in punitive damages. But the judge said the punitive damages could be no more than $120 million under Alabama law.

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