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Violation Tracker Individual Record

Company: Geneva Pharmaceuticals
Current Parent CompanyNovartis
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $15,350,000
Year: 2005
Date: June 14, 2005
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Abbott Laboratories and Geneva Pharmaceuticals agreed to pay a total of $30.7 million to settle multistate litigation alleging that they conspired to engage in anticompetitive conduct that delayed the availability of a more affordable generic version of the medication Hytrin. The annoluncement did not specify how much each company would pay. Here we assume the amount was divided equally between them.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
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.