Case Details

Year Initiated/Committed

2001

Year Resolved

2005

Settlement Amount

$30 million settlement fund, $1.5 million attorneys fees and costs

Court

U.S. District Court for the Southern District of Florida

Docket Number

01-4006

Lead State

CO, FL, KS

Participating States

CO, FL, KS

Defendant(s)

Abbott Laboratories; Geneva Pharmaceuticals, Inc.; Ivax Laboratories

Case Description

The brand name maker of the prescription drug Hytrin, Abbott, entered into an agreement with Geneva to keep Geneva’s generic version of Hytrin off the market. Geneva was paid a substantial amount of money by Abbott while Abbott continued to collect monopoly profits on its name brand drug. Because of federal laws, Geneva effectively blocked the entry of other generic drug makers. The matter settled in conjunction with MDL litigation for $30 million (two settlement funds to be available to individuals and third party payors) plus $1.5 million in attorneys’ fees.