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August 21, 2023

To resolve criminal charges of colluding to fix prices, mainly on a cholesterol medicine called pravastatin, Teva Pharmaceuticals USA, Inc. has agreed to pay a $225 million criminal penalty and donate $50 million in drugs to humanitarian organizations, while Glenmark Pharmaceuticals Inc., USA has agreed to pay $30 million criminal penalty.  The drugs that Teva has been ordered to donate, clotrimazole and tobramycin, were also part of the price fixing scheme.  DOJ

October 24, 2022

The nation’s largest chicken producer, Tyson Foods, has agreed to pay $10.5 million to settle a lawsuit that alleged the company, along with 18 other broiler chicken producers, had been conspiring since 2008 to drive up chicken prices.  Their actions allegedly caused consumers to overpay by millions of dollars, and violated the Washington Consumer Protection Act’s antitrust provisions.  Two other broiler chicken producers have settled thus far—Mar-Jac Poultry for $725,000, and Fieldale Farms Corp. for $475,000—bringing the total recovery in this matter to $11.7 million.  AG WA

Top Ten Federal Financial Fraud Recoveries of 2021

Posted  01/21/22
Money with Gavel and Handcuffs
While 2021 may have felt like more of the same as the pandemic dragged on, it marked some new trends in federal financial fraud recoveries. As we predicted last year, the Anti-Money Laundering Act of 2020 has heralded some large recoveries against banks. The Act also established an Anti-Money Laundering Whistleblower Program, so that whistleblowers who report financial institutions engaging in money laundering –...

Largest-Ever Whistleblower Award Nets CFTC Tipster Almost $200 Million

Posted  10/22/21
CFTC Letters with Money as the Letters
On October 21, the Commodity Futures Trading Commission (CFTC) announced that it paid nearly $200 million to a whistleblower, a colossal award that is certainly the largest the CFTC has ever made, but also the largest award made under any federal whistleblower-reward program to a single whistleblower, including the False Claims Act. The CFTC said the whistleblower's tip provided important, "direct evidence of...

Top Ten Non-Healthcare False Claims Act Recoveries of 2019

Posted  01/10/20
False Claims Act
This year, federal and state governments recovered hundreds of millions of dollars thanks to whistleblowers who came forward to report fraud under the federal False Claims Act and state False Claims Acts.  Whistleblowers reported a wide-range of misconduct involving government contracts, including fraud by defense contractors, airlines, and even a major research university.  Defendants’ deception ran the gamut...

December 3, 2019

In the second settlement to come out of a federal investigation into the generic pharmaceutical industry, Rising Pharmaceuticals Inc. has agreed to pay over $4 million to settle civil and criminal charges stemming from violations of the False Claims Act and Anti-Kickback Statute.  In the criminal case, Rising allegedly teamed up with a competing generic drug manufacturer to fix prices and divide up the market for a hypertension drug, Benazepril HCTZ, while in the civil case, the company allegedly paid and received illegal remuneration through similar arrangements with another generic drug manufacturer.  Under the newly signed deferred prosecution agreement, Rising has agreed to cooperate fully with the ongoing investigation.  DOJ; USAO EDPA

New York Attorney General Scores For NFL Fans With NFL Agreement To Drop Mandatory Price Floor On Ticket Resales

Posted  11/17/16
By James J. Kovacs New York Attorney General Eric T. Schneiderman has announced a multi-state settlement with the National Football League (“NFL”) eliminating the NFL’s league-wide usage of a “mandatory price floor” in the secondary ticket market. NFL rules had required all 32 teams to impose a mandatory price floor on secondary market ticket sales, not only on the NFL-owned Ticket Exchange website,...

November 8, 2016

Japanese auto maker Usui Kokusai Sangyo Kaisha Ltd. agreed to plead guilty and pay a $7.2 million criminal fine for its role in a criminal conspiracy to fix prices, allocate customers and rig bids for automotive steel tubes sold to automobile manufacturers in the United States and elsewhere.  DOJ

The Antitrust Week In Review

Posted  08/15/16
Here are some of the developments in antitrust news this past week that we found interesting and are following. South Korea says investigating whether Google broke antitrust laws.  South Korea's antitrust regulator said on Friday it is looking into whether Google has violated the country's anticompetition laws, acknowledging formal scrutiny of the global internet search company for the first time.  The Korea Fair...

The Antitrust Week In Review

Posted  02/29/16
Here are some of the developments in antitrust news this past week that we found interesting and are following. Dow Chemical settles price-fixing case after Justice Scalia's death. Dow Chemical has agreed to pay $835 million to settle a decade-long lawsuit on price fixing, saying that the death of Justice Antonin Scalia lessened its chances of overturning the verdict at the Supreme Court.  Dow, which is in the...
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