Penalty Amount
$400,000,000
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.
Sandoz will pay $400 million as part of this settlement (with total payments of approximately $469 million including prior settlements) and has agreed to meaningful injunctive terms including internal reforms to ensure fair competition and compliance with antitrust laws.
In-house legal teams should review vendor and customer agreements in the pharmaceutical supply chain for any clauses that could facilitate price-fixing or market allocation, such as most-favored-nation clauses, resale price maintenance, or information sharing provisions. They should also ensure that compliance programs include antitrust training and that contracts include representations and warranties regarding compliance with antitrust laws. Additionally, any agreements with competitors, such as joint ventures or co-marketing arrangements, should be scrutinized for potential collusion risks.
Entity
Sandoz Inc.
Industry
HealthcareOfficial Press Release
https://www.njoag.gov/attorney-general-davenport-announces-400-million-settlement-in-principle-with-sandoz-over-conspiracy-to-inflate-prices-and-limit-competition/
GDMS First Amended Complaint
https://nj.gov/oag/newsreleases17/GDMS-First-Amended-Complaint.pdf
Complaint
https://www.nj.gov/oag/newsreleases19/Complaint.pdf
New Jersey Attorney General Enforcement Page
https://www.njoag.gov/about/divisions-and-offices/division-of-consumer-affairs/
"Sandoz Inc."
"$400 million settlement in principle"
"antitrust laws"
"conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade"
$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.
$400.0M
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.
Press release announcing that Governor Mikie Sherrill will nominate consumer protection expert Christopher L. Peterson to serve as Director of the New Jersey Division of Consumer Affairs. Peterson is a former senior CFPB official and legal scholar. No enforcement action or privacy violation is described.
The New Jersey Attorney General announced that Paramount and Warner Bros. have agreed to put their merger on hold while a lawsuit challenging the merger proceeds. The agreement prevents the merger from moving forward until the end of trial or June 1, 2027, whichever comes first.
This press release summarizes New Jersey's civil enforcement recoveries in 2025, totaling $193 million across various settlements including False Claims Act, consumer fraud, and environmental cases. No specific privacy enforcement action is detailed.