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Violation Tracker Individual Record

Company: Bristol-Myers Squibb Co.
Current Parent CompanyBristol-Myers Squibb
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $100,000,000
Year: 2003
Date: March 7, 2003
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Bristol-Myers agreed to pay up to $100 million to resolve multistate litigation alleging illegally maintained its monopoly over BuSpar by misleadingly claiming that a newly obtained patent covered the drug, and by agreeing with certain drug manufacturers to delay the entry of lower-cost generic substitutes.
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: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: pharmaceuticals
Specific Industry of Current Parent: pharmaceuticals
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.