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Violation Tracker Individual Record

Company: Hearst Corporation
Current Parent CompanyHearst
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $19,000,000
Year: 2001
Date: December 14, 2001
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The Federal Trade Commission announced a settlement with Hearst Corporation resolving allegations that Hearst unlawfully acquired J.B. Laughery, Inc., which included the Medi-Span integratable drug information database business. Under the terms of the settlement, Hearst agreed to divest the former Medi-Span business and pay $19 million as disgorgement of unlawful profits.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: media
Specific Industry of Current Parent: media
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.