LifeWallet Announces a New Pharmaceutical Antitrust Settlement Totaling $3.1 Million
MSP Recovery, Inc. - Class A (LIFW)
Company Research
Source: GlobeNewswire
CORAL GABLES, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “the Company”) announces a new pharmaceutical antitrust settlement in the amount of $3.1 million. Company also announces a drive to secure agreements with health plans, property & casualty insurers, attorneys, and healthcare providers, including hospital systemsThis subscription licensing is expected to generate revenue through fees charged on savings from unnecessary Medicare secondary paymentsThis is all part of LifeWallet’s clearinghouse system, through its exclusive healthcare partnership with Palantir Technologies, Inc. Details of the Settlement MSP Recovery Law Firm LLC, acting on behalf of LifeWallet, alleged that the manufacturer had increased the price of a drug in violation of antitrust laws. The settlement is in the amount of $3.1 million, which is expected to be collected in the third quarter of 2024. As part of LifeWallet’s owned claims portfolio
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LIFW
News
- LifeWallet Launches Initiative to Secure New Agreements with Health Plans, Providers, Insurers and Attorneys, Continues Cost Cutting Efforts, and Announces it Secured a Waiver of Acceleration Based on a Negative Going Concern from its Largest Creditor [YaYa
- LifeWallet Launches Initiative to Secure New Agreements with Health Plans, Providers, Insurers and Attorneys, Continues Cost Cutting Efforts, and Announces it Secured a Waiver of Acceleration Based on a Negative Going Concern from its Largest CreditorGlobeNewswire
- MSP Recovery Second Quarter 2024 Earnings: US$1.49 loss per share (vs US$1.66 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- UM booster John Ruiz's company LifeWallet admits ‘substantial doubt' about its future [Yahoo! Finance]Yahoo! Finance
- LifeWallet Announces New Comprehensive Settlement with a Group of Affiliated Property & Casualty Insurers and Completion of First Version of LifeWallet's Clearinghouse System Through its Exclusive Healthcare Partnership with Palantir Technologies [Yahoo!Yahoo!
LIFW
Sec Filings
- 9/27/24 - Form 424B3
- 9/27/24 - Form 424B3
- 9/27/24 - Form 424B3
- LIFW's page on the SEC website