Hearst Trust, The, The Hearst Corporation, and First DataBank, Inc.

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FTC v. The Hearst Trust, The Hearst Corporation, and First DataBank, Inc.
FTC Matter/File Number:

9910323a

Civil Action Number:

101CV00734

Enforcement Type:

Federal Injunctions

Case Summary

The Commission negotiated an agreement with The Hearst Corporation (Hearst) to settle a permanent injunction action filed by the FTC alleging that Hearst failed to provide documents required by premerger notification law and then consummated a merger that monopolized the integrated drug information database market. Under the terms of the order, Hearst divested the Medi-Span business to Lippincott Williams & Wilkins, Inc. , a subsidiary of Wolters Kluwer, n.v., disgorged $19 million in profits, and to complied with certain other obligations.