Steve D. Shadowen of Hilliard & Shadowen LLP, an attorney for the consumer class, pressed Impax Vice President of Litigation Margaret Snowden on direct examination about a list of payments tucked into the joint development agreement. The document, presented on a screen inside the courtroom, showed several payments of $2 million, $3 million or $5 million from Medicis to Impax tied to specific benchmarks, such as U.S. Food and Drug Administration approval of future joint projects.
A one-time, $40 million payment was also made within five days of the signing of the 2008 accord, the document showed. Shadowen suggested that the money was not needed to close either the license and settlement agreement or the joint development agreement, but was meant to push Impax to delay launching its generic Solodyn by three years.
A proposed class of indirect Aggrenox reached a $54 million settlement agreement with Teva Pharmaceutical and Boehringer Ingelheim over allegations the companies blocked generic alternatives to the stroke-prevention drug from coming to the market.
Their claims are part of a sprawling multidistrict litigation accusing Boehringer and Teva unit Barr Pharmaceuticals of orchestrating a $120 million pay-for-delay deal to keep generic versions of Aggrenox off of the market.
On June 21 2018, Steve Shadowen will address the American Antitrust Institute during its 19th Annual Conference.
The conference's theme this year is “Antitrust at a Crossroads: Plotting the Policy Course for the Next Decade.”
The American Antitrust Institute (AAI) Awards are given to leading legal practitioners and economists for their role in antitrust litigation. Hilliard Shadowen is one of four honorees nominated to receive the award for Outstanding Antitrust Litigation Achievement in Private Law Practice.
The Supreme Court agreed Tuesday to decide whether a U.S. Border Patrol agent can be sued for shooting and killing a Mexican teenager who was playing with friends in the concrete culvert that separates El Paso, Texas, from Juarez, Mexico.
The shooting of an unarmed 15-year-old named Sergio Hernandez provoked outrage in Mexico in 2010 and set off a prolonged legal dispute over the reach of the U.S. Constitution.
The U.S. Supreme Court has agreed to hear a case to determine if the family of Mexican teenager who was killed by a Border Patrol agent firing into Mexico has a constitutional right to sue the agent in the United States.
The Supreme Court announced Tuesday it would hear the case for this term, which began earlier this month.