Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Abbott Laboratories
Current Parent Company: AbbVie
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $22,500,000
Year: 2010
Date: January 7, 2010
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Abbott Laboratories and its subsidiaries Fournier Industrie et Sante and Laboratoires Fournier S.A. agreed to pay $22.5 million to settle multistate litigation alleging they illegally blocked cheaper generic substitutes for the cholesterol-reducing drug Tricor.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data: (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.