Municipalities in North Carolina and South Carolina may be in line for a cash infusion from an unexpected source: healthcare services giant McKesson Corporation.
Under the terms of a proposed class action settlement filed in U.S. District Court in Massachusetts on Oct. 26, California-based McKesson will pay $82 million to settle claims by local municipalities that they overpaid for certain brand name prescription drugs through their employee health insurance plans.
Columbia and Goldsboro, N.C., are two of the six lead plaintiffs in the case, In Re McKesson Governmental Entities Average Wholesale Price Litigation. “We certainly know that there will be other North Carolina and South Carolina municipalities as part of the class,” said James L. Ward Jr. of Charleston’s Richardson Patrick Westbrook & Brickman. Richardson Patrick was appointed as co-lead counsel by the court in March 2009.
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