Alabama gives cos 30 days to settle Medicaid case | Legal Headlines

Alabama gives cos 30 days to settle Medicaid case
By Peggy Gargis
Reuters

Date: July 3, 2008 12:00 AM

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MONTGOMERY, Ala., July 3 (Reuters) - The state of Alabama said on Thursday it would offer 69 drug companies it sued over alleged Medicaid price-fixing 30 days to reach a settlement before taking further legal action.

"The defendants will have a 30-day window in which to make an acceptable settlement offer. After that time, there will be no further settlement negotiations by the state," Jere Beasley, lawyer for the plaintiffs, told a news conference.

(Reporting by Peggy Gargis, editing by Jeffrey Benkoe)

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