Watson, which is among the top five generic drug companies in the world recently agreed to pay $1.7 million to the state of Idaho to settle allegations of consumer fraud. The consumer, in this case, being the government. Lawrence Wasden, the Idaho Attorney General, filed lawsuits in 2007 against various pharmaceutical companies, Watson included. These lawsuits were meant to recover taxpayer money, claiming the pharmaceutical companies earned extra money unlawfully by reporting an inflated price for their generic drugs.
Without question, the Jerry Sandusky child abuse case has completely turned Penn State University on its head. With the recent discovery that head football coach Joe Paterno had tried to sweep the entire molestation issue under the rug, the prestigious and now-infamous institution is now dealing with a deluge of lawsuits that will plague them for years to come. From the courtroom to the football field, and all the places between, early estimations show that the settlements could reach the $100 million mark as more victims come forward.
