Violation Tracker Individual Record

Company: 
Sandoz Inc.
Current Parent Company: 
Novartis
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 Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
pharmaceuticals
Specific Industry of Parent: 
pharmaceuticals
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.