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SettlementHigh RiskMultistate

Minnesota AG reaches settlement with generic-drug manufacturer Glenmark for price-fixing conspiracy

Glenmark PharmaceuticalsJuly 17, 2026Minnesota Attorney General

Penalty Amount

$29,600,000

Summary

Minnesota Attorney General Keith Ellison joined a 48-state coalition in a $29.6 million settlement with generic-drug manufacturer Glenmark to resolve allegations of a widespread conspiracy to artificially inflate and manipulate prices, reduce competition, and restrain trade for numerous generic prescription drugs. The settlement requires Glenmark to cooperate in ongoing multistate lawsuits and implement internal reforms to ensure compliance with antitrust laws.

Remedy

Glenmark will pay $29.6 million nationally, including $187,000 to Minnesota, cooperate in ongoing multistate lawsuits against 33 corporate defendants and 25 individual executives, and implement internal reforms to ensure fair competition and compliance with antitrust laws.

Monetary PenaltyCompliance ProgramReporting Requirements

Contract Impact

In-house legal teams should review vendor agreements with generic drug manufacturers for any clauses that could facilitate price fixing or market allocation, such as pricing coordination, information sharing, or non-compete provisions. Customer agreements should be examined for pricing terms and any provisions that might restrict competition. Employee contracts and confidentiality agreements should be updated to prohibit discussions with competitors about pricing, market share, or customer allocation. Additionally, compliance programs should include antitrust training and reporting mechanisms for potential collusion.

Contract Search Terms

price fixingantitrust compliancegeneric drug pricingmarket allocationcollusionfair competitioninternal reformscooperation agreementrestitutiongeneric prescription drugs

Laws Cited

Sherman ActMinnesota Antitrust Law
15 U.S.C. § 1

Violation Types

Entity Details

Entity

Glenmark Pharmaceuticals

Industry

Pharmaceuticals

Multistate Coalition

Official Sources

Source Evidence

Entity Name
"Glenmark"
Fine Amount
"$29.6 million nationwide settlement with Glenmark"
Fine Amount
"Minnesota’s share of today’s settlement with Glenmark that Attorney General Ellison recovered is more than $187,000"
Violation Types
"engaged in a widespread, long-running conspiracy to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade"
Laws Cited
"antitrust laws"
Remedy Types
"Glenmark will cooperate in three ongoing multistate lawsuits"

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