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Violation Tracker Individual Record

Company: Neiman Marcus Group Inc.
Current Parent Company: Ares Management
Penalty: $12,437,500
Year: 2005
Date: March 30, 2005
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: A group of 16 cosmetics and perfume producers and department store companies agreed to provide free merchandise worth an estimated $175 million and pay legal fees of $24 million to settle litigation alleging they engaged in a price-fixing conspiracy. Court documents did not indicate how much each defendant would pay. Here we assume they divided the costs equally among them.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 4:03cv3359
Case Name: Azizian et al v. Federated Department Stores, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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.