Penalty Amount
$400,000,000
Attorney General Phil Weiser joined a coalition of 43 states and territories announcing a $400 million settlement in principle with Sandoz Inc. to resolve allegations that the generic drug manufacturer engaged in conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade. Sandoz will pay approximately $469 million including previous settlements and agreed to meaningful reforms to ensure fair competition and compliance with antitrust laws.
Sandoz will pay $400 million (with total $469 million including prior settlements) and agreed to meaningful reforms to ensure fair competition and compliance with antitrust laws.
In-house legal teams should review vendor and customer agreements for antitrust compliance clauses, particularly any provisions that could facilitate information sharing with competitors, price coordination, or market allocation. They should also ensure that contracts include robust compliance programs and reporting requirements to prevent anticompetitive conduct. Additionally, they should review any existing settlement agreements or consent decrees to ensure alignment with the reforms required by this settlement.
Entity
Sandoz Inc.
Industry
Healthcare"Sandoz Inc."
"$400 million"
"antitrust laws"
"conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade"
$400.0M
Attorney General Jennifer Davenport joined a coalition of 43 states and territories in announcing a $400 million settlement in principle with Sandoz Inc. to resolve allegations of widespread price-fixing and anticompetitive conduct in the generic drug market. Sandoz will pay approximately $469 million total including prior settlements, and has agreed to internal reforms to ensure fair competition.
$400.0M
Minnesota Attorney General Keith Ellison joined a coalition of 43 states and territories in announcing a $400 million settlement in principle with Sandoz Inc. to resolve allegations that the generic drug manufacturer engaged in conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade for numerous generic prescription drugs. Sandoz will pay approximately $469 million total including prior settlements, and has agreed to injunctive terms and internal reforms.
$400.0M
Attorney General Tong led a coalition of 43 states and territories in announcing a $400 million settlement in principle with Sandoz Inc. to resolve allegations that the generic drug manufacturer engaged in conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade. Sandoz will pay approximately $469 million total and implement internal reforms to ensure fair competition and compliance with antitrust laws.
$220.0M
General Motors agreed to a nationwide $220 million settlement over allegations that it sold drivers’ identifiable driving behavior and location data to data brokers, which then sold it to insurers. The settlement requires affirmative express consent before collecting or disclosing driving and location data, limits data collection, and imposes privacy-program assessments and dealership oversight and training.
Colorado, the FTC, and a bipartisan group of state attorneys general sued Toast, alleging misleading claims about its subscription services and financial products, undisclosed fees, and obstacles to cancelling subscriptions. The coalition is asking the court for an injunction, monetary relief, civil penalties, and other relief; the press release does not report an imposed penalty.
Colorado joined a 21-attorney-general coalition suing to challenge a FinCEN rule that exempts nearly all businesses from Corporate Transparency Act ownership-reporting requirements, as well as plans to delete existing ownership records. The coalition alleges violations of the Corporate Transparency Act and Administrative Procedure Act and asks the court to invalidate the rule and require FinCEN to continue collecting and maintaining the records.