A great deal has been written on the Medicaid fraud litigation (commonly referred to as Average Wholesale Pricing, or AWP). Our firm has been a leader in this litigation from the very outset and has tried more cases in this area than any other firm. We represent the states of Alabama, Mississippi, Louisiana, South Carolina, Kansas, Utah, Alaska and Hawaii in the litigation. To date, we have recovered over $400 million in settlements for these eight states. We are now about one-third of the way through all of the cases that we have filed, with the rest to be either settled or tried in time. For example, all of the cases in Hawaii have been settled. We are making good progress in Alabama, but still have ongoing negotiations with several companies. We are just beginning to negotiate settlements with a number of companies in Louisiana. There are also negotiations ongoing in the other states.
We currently have two verdicts, either on appeal or about to be on appeal, against Sandoz. In Alabama, a $78 million verdict is pending in the Alabama Supreme Court, awaiting a decision. In Mississippi, we obtained a $38.2 million verdict for that state and it will soon be on appeal. Considering the settlement total of $400 million and the jury verdicts ($78 million and $38.2 million), our AWP efforts so far have resulted in $503 million being recovered for taxpayers in the states we represent. But we still have the bulk of the cases ahead of us.
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