The $35 Million Lipitor Atorvastatin Pfizer Antitrust Consumer Class Action Settlement has reached to consensus in 2024. The years-long wait of the consumers has come to a happy end as the pharmaceutical company agreed to pay $35 million to settle the allegations. Though Pfizer is refuting the charges levied against it, it agreed to settle the class action with the plaintiffs. The plaintiffs made allegations against Pfizer and Ranbaxy that they violated the State antitrust, consumer protection, and unjust enrichment laws by making delays in providing generic versions of Lipitor Atorvastatin to the market and its consumers
What is Lipitor Atorvastatin Pfizer Antitrust Consumer Class Action Settlement?
The pharmaceutical company Pfizer deceptively acquired a patent from the US Office of Patent and Trademark Office and sued other generic Lipitor manufacturers. Pfizer sued other generic Lipitor manufacturers so that they could delay distributing the Lipitor in the market. It also paid Ranbaxy to delay in bringing its newly manufactured Lipitor to the market and reaching the end consumers, the plaintiffs.
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To accrue certain profits in the US market, both Pfizer and Ranbaxy entered into an illegal agreement and molded the market forces. Ranbaxy agreed to have some intended benefits for delaying bringing Lipitor Atorvastatin to the market while it also took a bribe from Pfizer as per the allegations of the plaintiffs. The lawsuit filed by the class action is about questioning the efficacy and originality of Lipitor but the tactics employed for delay are considered to be wrongful and they must bear the brunt of the illegal actions.
$35 Million Lipitor Pfizer Antitrust Class Action Settlement Details
| Title | $35 Million Lipitor Pfizer Antitrust Class Action Settlement |
| Country | The USA |
| State | New Jersey |
| Lawsuit | The class action (Many Plaintiffs Involved) |
| Settlement Amount | $35 Million |
| Liable Party | Pfizer and Ranbaxy |
| Year | 2024 |
| Official Website | www.lipitorantitrustsettlement.com |
Lipitor Pfizer Antitrust Lawsuit Settlement Eligibility
The following will be able to file claims for the lawsuit settlement payments, refer to the below-mentioned points for that
- Have paid or purchased or bought some or all of the branded Lipitor in the class state that too without using the Pfizer co-pay card
- All the payments must take place between the 28th of June 2011 and the 29th of November 2011 for the purchase, buy, and reimbursement of branded Lipitor
- The individuals who have purchased, bought, or made reimbursement for some or all of the generic Atorvastatin Calcium that too between the 30th of November 2011 and the 31st of December 2012
Presently, the New Jersey court has not released any directive set of principles for both the plaintiffs and the defendants. Though both the parties involved in the lawsuit have decided to conclude so that they can avoid the cost of further legal processing. They thought it was in the interest of both involved sides to sign a win-win act for the defendants and the plaintiffs as well.
The court is about to give the final verdict on the case and the parties will decide on further procedures mutually the settlement class action members are going to benefit from $35 million distributed accordingly.
How Much is Pfizer Lipitor Settlement Payout?
The payout amount has not been clarified as of now as it will largely depend on the number of final class members. The higher the final number of plaintiffs is, the lesser the payment for each class member will be.
Also, the payment will depend on the cost and expenses of the legal procedure as the attorneys are entitled to keep 34% of the base amount.
And the class representatives will be keeping $15,000 as service awards for the lawsuit filing and after that, the remaining payment amount will be distributed equally among the valid class members.
The qualifying purchase of branded Lipitor and generic Atorvastatin Calcium will decide the exact payout amount for the class members. But before getting the lawsuit settlement payments make sure that you have filed the claims before the 29th of November 2024. After this particular date, the administration will be taking any new submissions of the forms.
How to Apply for Pfizer Lipitor Class Action Settlement 2024?
- For filing valid submissions, you can visit the official website of lipitorantitrustsettlement.com. you can either file an online application form and submit it or you can choose to send it via mail.
- The individuals can call at the 1-888-831-7612 or can write to the administration
- The exclusion forms are accepted till the 16th of August 2024, anyone willing to not get the settlement payment can file an exclusion form regarding the $35 Million Lipitor Atorvastatin Pfizer Antitrust Consumer Class Action Settlement.
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