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Sellers Playbook

The Federal Trade Commission is mailing checks totaling more than $1 million to individuals targeted by a business opportunity scheme that promised consumers big profits from selling on Amazon.

Type of Action
Federal
Last Updated
FTC Matter/File Number
182 3116

Ovation Pharmaceuticals, Inc. d/b/a

In 2006, Ovation Pharmaceuticals, manufacturer of Indocin, a drug used in the treatment of patent ductus arteriosus, a congenital heart defect usually found in severely underweight premature babies, purchased the rights to the drug NeoProfen, a drug about to receive FDA approval for the treatment of the same condition which effects approximately 30,000 babies per year in the United States.  After its FDA approval, Ovation released its NeoProfen treatment, charging similar prices. According to the Commission’s complaint, Ovation’s acquisition was intended to maintain its monopoly in the market for this treatment, and the Commission sought divestiture of assets related to one of the two treatments, and also disgorgement of all unlawfully obtained profits from the sale of these two treatments. In August 2010, the district court dismissed the complaint, finding that the two drugs were in separate product markets. The Commission, along with the State of Minnesota, has appealed the court’s ruling to the Eighth Circuit. On August 19, 2011 the Eighth Circuit affirmed the district court's decision. FTC and Minnesota filed a petition for rehearing en banc on October 3, 2011, and the petition was denied.  The FTC closed its investigation.

Type of Action
Federal
Last Updated
FTC Matter/File Number
081 0156

Raytheon Company

Consent order settles charges that the acquisition of Chrysler Technologies Holding, Inc. reduced competition for the U.S. Navy's future procurement of the Submarine High Data Rate satellite communications system for use in Navy submarines. The order requires Raytheon to erect an information "firewall" to prohibit the exchange of sensitive information concerning the Submarine HDR system prior to the completion of the competitive procurement.
Type of Action
Administrative
Last Updated
FTC Matter/File Number
9610057
Docket Number
C-3681

Displaying 1 - 12 of 12