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Violation Tracker Individual Record

Company: Hoffmann-La Roche
Current Parent Company: Roche
Penalty: $130,000,000
Year: 2000
Date: March 31, 2000
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Six major producers of bulk vitamins agreed to pay $242 million to settle litigation alleging they engaged in a price-fixing conspiracy. Court documents did not indicate how much each company would pay. One of the six--Hoffmann-La Roche--had agreed to pay about 54 percent of the initial settlement of $1.1 billion, which was reduced when some of the large plaintiffs decided to withdraw from the agreement. We assume here its share of the revised settlement was a similar percentage. When then assume the other defendants each paid an equal share of the remaining amount.
Level of Government: federal
Action Type: private litigation
Court: District of the District of Columbia
Civil or Criminal Case: civil
Case ID: 1:99mc197 MDL 1285
Case Name: In re: Vitamins Antitrust, et al v. Lead Defendants
Private Lawsuit Resolution Type: settlement
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)
Link to PACER Case Docket (must be logged in): (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.