Displaying 2181 - 2200 of 2441
FTC Reaches Record Financial Settlement To Settle Charges of Price-fixing in Generic Drug Market
Date
The Federal Trade Commission today approved a $100 million settlement with Mylan Laboratories, Inc., the largest monetary settlement in Commission history. If the settlement is approved by the federal...
Mylan Laboratories, Inc., Cambrex Corporation, Profarmaco S.R.I., and Gyma Laboratories of America, Inc.
Complaint filed in the U.S. District Court for the District of Columbia charged Mylan with restraint of trade, monopolization and conspiracy to monopolize the market for two generic drugs used to treat anxiety, lorazepam and clorazepate, through exclusive dealing arrangements. The Commission alleged that Mylan, Gyma Laboratories of America, Inc., Cambrex Corporation and Profarmaco S.R.L. conspired to deny Mylan’s competitors ingredients necessary to manufacture lorazepam and 40 clorazepate. The complaint sought consumer redress of at least $120 million and to enjoin the alleged illegal exclusive licensing agreements. The district court upheld the Commission’s authority to seek restitution in antitrust injunction actions under Section 13(b). The Commission approved a $100 million settlement. The opinion settled Commission concerns that Mylan, Gyma Laboratories of America, Inc., Cambrex Corporation and Profarmaco S.R.L. conspired to deny Mylan’s competitors ingredients necessary to manufacture lorazepam and 40 clorazepate. On February 1, 2002, the court granted approval to a plan of distribution to injured consumers who paid the increased prices and state agencies, including Medicaid programs, that purchased the drugs while the illegal agreements were in effect. The funds were distributed by the states.
Type of Action
Federal
Last Updated
FTC Matter/File Number
9810146
Public Statement
Antitrust Economics: Three Cheers and Two Challenges
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People who labor in and around the law are naturally wary of commentary that begins with praise. They have learned, for example, that appellate court opinions that start with references to the...
Public Statement
EU and U.S. Approaches to International Mergers--Views from the U.S. Federal Trade Commission
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It is a delight for me to participate in this panel on Merger Control in an International Context, and to join my enforcement colleagues and friends, Alex Schaub and Joel Klein, in this discussion...
Jun29
Workshop on Competition Policy in the World of B2B Electronic Marketplaces
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The FTC held a public workshop to examine issues of competition policy that arise in connection with business-to-business ("B2B") electronic marketplaces.
May31
Workshop on Slotting Allowances and Other Grocery Marketing Practices
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Slotting allowances are the lump-sum, up-front payments that manufacturers of food items often pay in order to get new products on supermarket shelves. The goals of the workshop were to provide a...
Public Statement
"The Nature and Limits of Restructuring in Merger Review"
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A. Introduction. In recent years, the enforcement agencies in their merger review have been offered more ambitious and complicated restructuring proposals to address overlaps and other potential anti...
FTC Preserves Competition in Market for Title Information Services
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The Federal Trade Commission has negotiated an agreement containing a proposed consent order designed to remedy the anticompetitive effects arising from Fidelity National Financial, Inc.'s ("FNF")...
Public Statement
Abuse of Dominance in Relation to Intellectual Property: U.S. Perspectives and the Intel Cases
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* The views expressed here are those of the author, and not necessarily of the Federal Trade Commission or any Commissioner. I Introduction I am pleased to be here today to discuss U.S. perspectives...
Public Statement
Emerging Antitrust Issues in Electronic Commerce
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I. Introduction Thank you for inviting me to discuss the application of the antitrust laws to electronic commerce. (1) This is certainly a vital and timely topic. The very nature of commerce is...
Public Statement
What Are We Learning from the Microsoft Case?
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Good morning. I am glad to be here today to offer opening remarks to today's discussion about what we are learning from the Microsoft case and other government antitrust cases against those in high...
Announced Actions for September 16, 1999
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Approval of Omnibus Compulsory Process Resolution: To ensure that its staff has the tools necessary to combat fraud and deception on the Internet, the Federal Trade Commission today announced that it...
Sep13
Workshop: Market Power and Consumer Protection Issues Involved with Encouraging Competition in the U.S. Electric Industry
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In recent years, states and the federal government have taken steps to encourage restructuring and competition in the electric industry, including the elimination of regulatory barriers. The intent of...
FTC Releases Report on Commission's Divestiture Process
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The Federal Trade Commission today announced the release of a staff report titled "A Study of the Commission's Divestiture Process." Prepared by the Commission's Bureau of Competition, the report...
Displaying 2181 - 2200 of 2441