Home » NEWS » Hood presents check for $35M to state lawmakers

Hood presents check for $35M to state lawmakers

JACKSON — Attorney General Jim Hood has delivered a check to lawmakers for over $35 million in monies recovered by his office.

As part of the Average Wholesale Price (AWP) litigation, the $35 million returned to the state includes more than $12 million from a settlement with Barr Laboratories Inc., IVAX Pharmaceuticals Inc., Sicor Pharmaceuticals Inc. and Teva Pharmaceuticals USA Inc.

The settlement addressed Medicaid fraud claims and consumer protection violations involving pharmaceutical manufacturers.

Also included in the $35 million returned was $5.9 million from two other AWP settlements — one with Alpharma USPD Inc. and Purepac Pharmaceutical Co., and another with Par Pharmaceutical Companies Inc and Par Pharmaceutical Inc.

In addition to the AWP recoveries, the amount returned to the state includes approximately $840,000 as part of a consumer settlement with Abbott Laboratories involving allegations of unfair and deceptive practices in the promotion and sale of the drug depakote.

The remainder of the $35 million, approximately $16 million, comes from previously announced settlements with Microsoft and Facility Construction Management as well as funds from the nationwide mortgage settlement.

To date, Hood’s office has recovered more than $650 million in taxpayer dollars.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply