Jury out in Medicaid fraud trial

The jury is out in the Medicaid pharmaceutical fraud trial in Montgomery, with the attorney for the state asking for $39 million in compensatory damages and between $140 million and $250 million in punitive damages.

Jury rules in state's favor in Medicaid drug fraud trial

MONTGOMERY — The jury in the Medicaid pharmaceutical fraud trial in Montgomery just moments ago found in favor of Alabama and recommended compensatory damages of $40 million and punitive damages of $175 million. The verdict was against AstraZeneca Corp., a drug manufacturer the state sued along with about 75 other drug manufacturers, alleging they overcharged Alabama’s Medicaid program for prescription drugs.

Jury orders British drug firm to pay Alabama $215 million

MONTGOMERY, Ala. (AP) — A state court jury has awarded Alabama $215 million in its Medicaid drug price fraud suit against a British pharmaceutical firm.

Alabama Wins $215M Verdict From AstraZeneca

A state court jury awarded Alabama $215 million Thursday in its Medicaid drug price fraud suit against drugmaker AstraZeneca Pharmaceuticals LP. The circuit court jury said the subsidiary of Britain's AstraZeneca PLC must pay $40 million in compensatory damages and $175 million in punitive damages.

Jury in Medicaid pharmaceutical fraud trial finds in favor of Alabama

MONTGOMERY - The jury in the Medicaid pharmaceutical fraud trial in Montgomery just moments ago found in favor of Alabama and recommended compensatory damages of $40 million and punitive damages of $175 million.

Alabama Jury Tells AstraZeneca to pay $215 mln, Update

AstraZeneca Plc said on Thursday it would appeal a jury ruling that it pay $215 million in damages, in an Alabama lawsuit related to drug pricing under the Medicaid health program for the needy.

Jury Gives Alabama Verdict Against Drug Company

A Montgomery County jury hit a big drug maker with a huge two hundred fifteen million dollar verdict Thursday after the state said the company carried out a fraudulent pricing scheme to prey on the poor, the sick and the elderly.

Mutual Funds of Morgan Keegan Face Subprime-Related Lawsuit

Another class-action lawsuit related to issues regarding the disclosure of subprime debt obligations surfaced this week when the law firm of Chitwood, Harley, Harnes LLP filed against certain mutual funds offered by Morgan Keegan Select Fund Inc.

CountryMark Sues Morgan Keegan Over Soured $10M Investment

Indianapolis-based CountryMark Cooperative is suing its investment adviser, Morgan Keegan & Co., for directing the farmer-owned co-op toward a $10 million investment in mortgage-backed securities, including subprime.

Teenager Dies after Insurance Refuses Transplant

A recent story about how an insurance company refused to pay for a procedure that could have saved a young girl's life is very sad.