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.
$220.0M
A 36-attorney-general coalition resolved allegations that General Motors collected and sold identifiable driver behavior and location data to data brokers, which supplied it to insurers for use in assessing drivers and potentially raising premiums. The $220 million nationwide 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.
New Jersey, the FTC, and a coalition of 19 other states sued Dollar General, alleging that customers were repeatedly charged more at checkout than prices displayed on shelves, tags, and advertisements. The complaint alleges deceptive pricing practices and inadequate safeguards despite consumer complaints; the release does not describe a settlement, penalty, or other remedy imposed.
New Jersey joined a coalition of state attorneys general in filing a notice in Character Technologies, Inc.’s bankruptcy proceedings, raising concerns about the company’s safety and privacy practices and the sensitive conversations it holds, including those involving children and mental health. The states seek safeguards for consumers’ personal information in any sale or transfer of the company’s business or assets; the release does not report a fine or final finding of violations.