In the Matter of ACE Ltd. and ACE Group Holdings, Inc.
ACE Ltd., an insurance broker, allegedly participated in bid-rigging schemes with Marsh McLennan and other borkers in which they provided sham bids tocustomers. ACE agreed to pay $80 milion in restitution and penalties, and to adopt a series of significant reforms of its business practices
In the Matter of Zurich Holding Co. of America, Inc. and Zurich American Insurance Co.
Zurich agreed to an Assurance of Discontinuance to resolve claims of bid-rigging and sham bidding. Under the AOD, Zurich paid $88 million to policy holders, $39 million to New York and $13 million each to Connecticut and Illinois.
Maryland v. SmithKline Beecham Corp., No. 2:06-cv-01298-JP (E.D.Pa Mar. 27, 2006)
States sued manufacturer of antitdepressant Paxil, alleging patent misuse and sham litigation designed to prevent generic entry. Parties settled for $14 million.
Connecticut v. Newell Co., No. 2:92CV00566AVC (D. Conn. Oct. 2, 1992)
State filed suit to prevent the merger of two companies in the hardware market.
Connecticut v. Suiza Foods Corp., 3:01-cv-01178-AWT (D.Conn. 6/25/2001)
Plaintiff States sought to enjoin Suiza Food Corporation (Suiza) and Stop & Shop Supermarket Company (Stop & Shop) from consummating their merger, arguing that the merger would significantly impair competition in New England for the processing and sale of fluid milk.
Vermont and New Hampshire v. Suiza Foods Corp., No. 2:01-CV-194 (D.Vt. 2002)
Plaintiff States sought to enjoin Suiza Food Corporation (Suiza) and Stop & Shop Supermarket Company (Stop & Shop) from consummating their merger, arguing that the merger would significantly impair competition in New England for the processing and sale of fluid milk.
U.S. et al. v. EchoStar Communications, Corp., et al. No. 1:02CV02138 (D.D.C.)
Federal and State action to enjoin merger of two direct broadcast satellite (DBS) companies. The merging parties abandoned their merger agreement
Connecticut v. Ty, Inc., No. CV-97-0573484-S (Ct. Super. Ct., Hartford Dist. 1997)
State alleged resale price maintenance by manufacturer of “Beanie Babies” toys. Company paid fine, reinstated dealer.
Connecticut v. American Medical Response, Inc., No. CV-99-589962-S (CT Super. Ct., Hartford Dist. 1999)
Plaintiff state investigated ambulance service after mergers gave it significant market power in state. Settlement required divestiture of 30 licenses, 20 ambulances, and rights to several primary service areas or PSAs.
U.S. and Connecticut v. Oldcastle Northeast (D.Ct. 1996)
Acquistion of one asphalt producer by another. After joint investigation by state and Department of Justice, acquisition was approved with divestitures.
