“Ala. judge OKs AstraZeneca fraud verdict”

Judge Price of the Montgomery County Circuit Court upheld the fraud verdict obtained by the State against AstraZeneca in the Medicaid drug pricing suit.  Judge Price upheld the compensatory damage award of $40 million and,  pursuant to the statutory cap on punitive damages, cut the punitive damages from $175 million to $120 million, making the total verdict $160 million.  AstraZeneca has stated they will appeal, so the Alabama Supreme Court will be looking at it.  For more information, follow the link to an article entitled "Ala. judge OKs AstraZeneca fraud verdict" from the AP via Forbes.