Founding Shareholder Jere L. Beasley, and Shareholder W. Dee Miles, head of our Fraud section, were recently recognized by Business Alabama magazine on its list of the state’s 10 biggest jury awards in the past five years. They were honored for their work on AWP / Medicaid Fraud litigation.
Beasley and Miles appeared at No. 2 and No. 4 for their work on State of Alabama v. Novartis Pharmaceuticals Corp. et al and State of Alabama v. Sandoz, respectively. Business Alabama reports that in this litigation Beasley Allen “successfully sued the manufacturers of both brand name and generic drugs—for a combined win of nearly $193 million—for failing to pass on the true costs of those medications to Alabama’s Medicaid system. Juries found the pharmaceutical giants liable for the program’s excess reimbursements.”
Business Alabama quotes Beasley as saying, “It was almost a hornbook version of a fraudulent scheme to cheat the state and overcharge for drugs.”
Beasley Allen has represented other states in addition to Alabama in this ongoing litigation, and continues to fight for states whose Medicaid programs were defrauded by inflated drug prices. The firm has already settled more than $600 million in identical claims in eight other states with another $116 million on appeal in other states. States the firm has represented or is currently representing include Alabama, Mississippi, South Carolina, Utah, Arkansas, Hawaii and Louisiana.
In addition to helping states recoup financial losses as a result of this fraud, this litigation is even more significant. Business Alabama quotes Miles as he explains, “These cases have made a significant social change in the way our Medicaid program operates. The federal government has actually revamped its pricing (formula) going forward, and that’s a direct result of this litigation.”
Read the full article at Business Alabama.com.