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Violation Tracker Individual Record

Company: Sandoz Inc.
Current Parent Company: Novartis
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $195,000,000
Year: 2020
Date: March 2, 2020
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Sandoz Inc. entered into a deferred prosecution agreement and agreed to pay $195 million to resolve charges of conspiring to allocate customers, rig bids, and fix prices for generic drugs.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.