Violation Tracker Individual Record

Company: 
Hearst Corporation
Current Parent Company: 
Hearst
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 Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
media
Specific Industry of Parent: 
media
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.