We are essential, and so are you! Our firm is still open for business and accepting new clients. To protect your safety in response to the threats of COVID-19, we are offering new and current clients the ability to meet with us via telephone or through video conferencing. Please call our office to discuss your options.
Free Consultation

Florida Generic Pharmaceutical Firm Pays Feds $24.1 Million To Settle Price-Fixing Allegations

pills-384846_640.jpgA Florida-based generic pharmaceutical firm agreed last week to pay the Federal government $24.1 million in criminal penalties after admitting to its involvement in a conspiracy to artificially raise the price of a common cholesterol medication.

According to Federal investigators, the firm was part of a conspiracy that began in the spring of 2015 and involved several other competing drug makers. The defendants allegedly communicated with these competing firms regarding price increases they intended to carry out on the price of pravastatin, which is marketed under the brand name Pravachol.

Investigators say the conspirators also had an agreement among themselves to not submit competing bids for the drug, which is currently prescribed to over 24 million Americans. The illicit agreement allegedly ended at the close of 2015.

As part of the agreement the defendant committed to offering its full cooperation with the ongoing investigation. Additionally, the Department of Justice Antitrust Division and the defendant have entered into a deferred prosecution agreement (DPA) which, upon ratification by the court, would delay prosecution of the alleged offenses during the term of the agreement.

The company is the fourth firm to face charges stemming from the alleged illicit agreement. The three other corporate defendants charged to date have also entered into DPA agreements, while four individuals faced charges relating to the agreement. Of those four charged individuals, three have pled guilty while a fourth awaits trial.

The Law Offices of Bjorn Brunvand have been representing people charged with capital murder, felony drug charges, drunk driving, government fraud, and white-collar crimes for over a quarter century. Contact our office today to discuss your Tampa Bay-area state or federal charges.

No Comments

Leave a comment
Comment Information

Member of The Following Legal and Practice Organizations

  • American inns of court
  • norml
  • National association of criminal defense lawyers
  • Clearwater bar association
  • Florida Association of Criminal Defense Lawyers

Let Us Help You

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Clearwater Office
615 Turner Street
Clearwater, FL 33756

Phone: 727-315-1685
Phone: (727) 446-7505
Fax: 727-446-8147
Clearwater Law Office Map

Tampa Office
1710 N. 19th Street
Unit #210
Tampa, FL 33605

Phone: 727-315-1685
Map & Directions

Please Direct All Correspondence to the Clearwater Office