In May of this year, I was shocked to hear of an ensuing Department of Justice lawsuit against generic drug companies and executives. I first learned of the details of this drug price fixing investigation on CBS’s “60 Minutes” News Magazine.
The investigation originated in 2011 in Connecticut with a small team of anti-trust attorneys under then Attorney General, George Jepsen. They were the first to notice extreme generic drug price increases and they issued 3 subpoenas to launch their investigation. It quickly grew to include 300 subpoenas which allowed them to pore over millions of documents, creating a database with 11 million phone records covering over 600 individuals. This work took 5 years to complete.