The largest drug manufacturers, collectively known as “Big Pharma,” are not immune to whistleblowers when fraud and malfeasance are the order of the day. In 2015 alone, $96 million in settlements and judgments involved claims against the pharmaceutical industry. In 2014, the amount was $1.1 billion when it came to resolving False Claims Act cases involving pharmaceutical companies.
Make no mistake—many of the drugs available to us today extend and improve our lives and are truly wonder drugs. But it is good to remember that drug companies are in it to make money. Under an ethical capitalist system, this is good. But when the individuals who run the companies go astray in their pursuit of profits, fraud and wrongdoing can follow. That’s where the role of the whistleblower comes in.
Five of the ten largest drug companies in the world are located in the U.S. The ten biggest pharmaceutical companies are, in order:
Violations of federal laws that big pharma whistleblowers most commonly encounter almost always involve money and payments in some form, such as kickbacks and pricing fraud:
Other kinds of pharmaceutical fraud and wrongdoing that do not appear as often under False Claims Act cases are:
One study of documents from 2000 to 2010 found that False Claims Act cases brought against pharmaceutical companies amounted to 25 percent of all FCA cases during that time. The past few years have seen a number of significant settlements. The following occurred in 2015:
And, in a 2014 South Carolina case, a judge struck down a defense crucial to drug companies trying to avoid state lawsuits. The ruling underlined that the secrecy conditions of federal whistleblower suits can create exceptions to state statutes of limitations involving how long someone has to bring a case. That includes the state of South Carolina. The ruling is good news for all of us who pay taxes.
If you have knowledge concerning fraud against the government, an experienced whistleblower attorney like the ones at the Louthian Law Firm can assess your case and help you file the necessary disclosure statement. In some instances, the government will intervene (take part in your lawsuit).
One of the most important reasons to contact a qualified whistleblower attorney is that you are much more likely to meet with success if your claim is clear, concise and substantive. The Louthian Law Firm can help you structure your claim in such a way that the government will be more likely to intervene in your case, possibly increasing the chances that you will recover reward money. Even if the government doesn’t decide to intervene, it might still be advisable to pursue your case without government involvement, with our strong support through every step of the process.
For a free, confidential evaluation of your case, call the Louthian Law Firm today at (803) 454-1200 or fill out the online contact form. Louthian Law Firm. Seeking truth. Securing justice.