Violation Tracker Individual Record

Company: 
Hearst Corporation
Current Parent Company: 
Hearst
Penalty: 
$925,000
Year: 
2005
Date: 
March 3, 2005
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

Hearst agreed to pay $925,000 to settle multistate litigation alleging that its purchase of Medi-Span along with its ownership of First Databank gave it an illegal monopoly over drug information databases used by pharmacists and other health professionals.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
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 of Data: 

Attorney General Suthers Announces Antitrust Settlement with One of the Nation's Leading Providers of Electronic Drug Information Databases, US States News, March 3, 2005 (via Nexis).

Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.