November 2007 :: Antitrust Lawyer Blog
Squeezed On: November 18, 2007

E.U. COMMISSION FINES FLAT-GLASS PRICE-FIXING CARTEL

On November 28, 2007, the European Commission (“the Commission”) applied the 2006 Guidelines on Fines for only the second time, fining four companies a total of €486.9 million ($720 million). Asahi, Guardian, Pilkington and Saint-Gobain (“the Parties”) were fined for participating in a flat-glass price-fixing cartel that organized price increases, fixed minimum prices and tried to stabilize or raise prices.

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Squeezed On: November 16, 2007

FTC ENTERS INTO A SETTLEMENT REGARDING SCHERING-PLOUGH’S ACQUISITION OF ORGANON BIOSCIENCES N.V.

On November 16, 2007, the Federal Trade Commission entered into a settlement regarding Schering-Plough Corporation’s proposed $14.4 billion acquisition of Organon BioSciences N.V. from Akzo-Nobel N.V. The FTC alleges that the deal harms competition in the U.S. markets for the manufacture and development of three poultry vaccines. In settling the charges, the companies entered into a consent order with the Commission that required the merging parties to divest the rights and assets needed to develop each vaccine to Wyeth within 10 days of the acquisition and to provide supply and transitional support services to Wyeth’s Fort Dodge division for two years.

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Squeezed On: November 10, 2007

GUILTY PLEA IN BID RIGGING AND FRAUD AT NEW YORK PRESBYTERIAN HOSPITAL

On November 7, 2007, the Department of Justice announced that Mister A.C. Ltd. (Mister A.C.), a Rockville Center, N.Y. heating, ventilation and air conditioning (HVAC) services company and its owner, Michael Vignola, pleaded guilty in U.S. District Court in Manhattan for rigging bids to NYPH from approximately 2002 until January of 2006. Mr. Vignola also pled guilty to one count of conspiracy to defraud NYPH by paying kickbacks to NYPH employees from approximately 2001 until January 2006.

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