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Palm Beach School Board approves retainer to pursue insulin-pricing litigation
Summary
The Palm Beach County School Board voted unanimously to retain outside counsel to join a multi-district litigation alleging pharmacy benefit managers and manufacturers inflated insulin prices; outside counsel estimated a 25% contingency fee and presented a conservative damages model tied to district plan participants.
The Palm Beach County School Board voted unanimously to approve a retainer agreement with the Farrar/Ferraro law firm and co-counsel Weisserota et al. to pursue claims that pharmacy benefit managers and manufacturers artificially inflated the price of insulin, board Chairwoman Brill announced following the motion (motion by Mrs. Whitfield; second by Ms. Savallero).
Deputy general counsel Patricia Morales introduced outside counsel Natalia Salas and James Ferraro Jr., who told trustees the case is part of a multi-district litigation pending in the District of New Jersey and that the firm is seeking to represent self-funded public entities such as the district (presentation summarized by…
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