Lowey Dannenberg Counsel to Third Party Payers in $350 Million McKesson Settlement

Case Abstract
Starting with pre-litigation conception of a lawsuit in 2005, Lowey Dannenberg worked with class counsel on a lawsuit alleging that the prescription drug wholesaler, McKesson, and the prescription drug pricing information publisher, First DataBank, illegally conspired in 2001 to increase the reported average wholesale prices of approximately 800 prescription drugs, resulting in increased prescription drug costs for consumers and third party payer health benefit plan providers (”TPPs”).  Lowey Dannenberg represented TPP interests in settlement negotiations with McKesson that resulted in a $350 million settlement and a subsequent allocation mediation with counsel representing consumer class members, resulting in allocation of $285,000,000 of the settlement award to TPPs. 

 Richard Cohen, Peter St. Phillip and Gerald Lawrence were the Lowey Dannenberg lawyers responsible.
 

Clients
Health benefits plan providers.

Case Name
New England Carpenters Health Benefit Fund, et al. v. First DataBank, Inc. and McKesson Corp., No. 05-cv-11148 (D. Ma.) (United Stated District Judge Patti B. Saris)

Current Status
Settled.