Settlement Agreement Between Plaintiff States and UBS (Dec. 21, 2018)
Forty plaintiff states reached a $68 million settlement with UBS for fraudulent conduct involving interest rate manipulation that had a significant impact on consumers and financial markets around the world. UBS’ fraudulent conduct involved the manipulation of LIBOR (the London Interbank Offered Rate). LIBOR is a benchmark interest rate that affects financial instruments worth trillions…
FTC et al. v. Vyera Pharmaceuticals, No. 1:20-cv-00706 (S.D.N.Y. Apr. 19, 2020)
The FTC, New York and six other states filed suit against Vyera Pharmaceuticals, its parent company, Phoenixus, and its former officers, Kevin Mulleady and Martin Shkreli in 2020, alleging anticompetitive conduct in connection with Daraprim, the only FDA approved drug for the treatment of the life-threatening parasitic disease toxoplasmosis. The suit alleged that Vyera purchased…
In the Matter of Invesigation of Hornblower Group, Inc., AOD no. 19-103
An attorney general’s investigation of the dining cruise market in New York Harbor indicated that Hornblower Group, Inc. had obtained dominance in New York City’s dining cruise market through its acquisition of Entertainment Cruises. The investigation also confirmed that while other already-existing dining cruise operators wished to expand their operations into New York City, they…
People of New York v. Christopher Kline
Employee of Bert Adams Disposal pleaded guilty to one count of violating the Donnelly Act. According to the indictment, from about July 2014 until May 2016, the company entered into collusive agreements with Taylor Garbage Service to rig bids for waste-hauling, recycling, and related services, and forced customers to pay excessive prices for basic services. The companies conspired through in-person meetings, phone calls, and text messages.According to the plea agreement, over this two-year period, the companies exchanged hundreds of text messages and calls. Their arrangements included, among other methods, the companies agreeing to not pursue the business of each other’s current customers and deciding in advance which company would win a bid,
and agreeing. to submit a deliberately inflated bid or price quote – or not to submit a bid at all – to a customer to ensure the incumbent company would keep the contract. CEO and other employee of the company also pled guilty and paid an additional $117,500 in criminal fines, and company paid $850,000. See also, People v. Bert Adams Disposal, People v. Elbert Adams, People v. Bert J. Adams
People of the State of New York v. Christopher Chierchio and Anthony Milohnic, Ind. No. 769-2018 (N.Y. Cty. Mar. 27, 2018)
Defendants allegedly colluded to ensure a lack of competition for the plumbing, sprinkler, and HVAC bids for a new luxury residential building at 613 Baltic Street in Brooklyn.
People of New York v. Bert J. Adams
Employee of Bert Adams Disposal pleaded guilty to one count of violating the Donnelly Act. According to the indictment, from about July 2014 until May 2016, the company entered into collusive agreements with Taylor Garbage Service to rig bids for waste-hauling, recycling, and related services, and forced customers to pay excessive prices for basic services. The companies conspired through in-person meetings, phone calls, and text messages.According to the plea agreement, over this two-year period, the companies exchanged hundreds of text messages and calls. Their arrangements included, among other methods, the companies agreeing to not pursue the business of each other’s current customers and deciding in advance which company would win a bid,
and agreeing. to submit a deliberately inflated bid or price quote – or not to submit a bid at all – to a customer to ensure the incumbent company would keep the contract. CEO and other employee of the company also pled guilty and paid an additional $117,500 in criminal fines, and company paid $850,000. See also, People v. Bert Adams Disposal, People v. Elbert Adams, People v. Christopher Kline.
People of New York v. Elbert Adams
CEO of Bert Adams Disposal pleaded guilty to one count of violating the Donnelly Act. According to the indictment, from about July 2014 until May 2016, the company entered into collusive agreements with Taylor Garbage Service to rig bids for waste-hauling, recycling, and related services, and forced customers to pay excessive prices for basic services. The companies conspired through in-person meetings, phone calls, and text messages.According to the plea agreement, over this two-year period, the companies exchanged hundreds of text messages and calls. Their arrangements included, among other methods, the companies agreeing to not pursue the business of each other’s current customers and deciding in advance which company would win a bid,
and agreeing. to submit a deliberately inflated bid or price quote – or not to submit a bid at all – to a customer to ensure the incumbent company would keep the contract. Other employees of the company also pled guilty and paid an additional $75,000 in criminal fines, and company paid $850,000. See also, People v. Bert Adams Disposal, People v. Bert J. Adams, People v. Christopher Kline.
People of New York v. Bert Adams Disposal
Company pleaded guilty to one count of violating the Donnelly Act. According to the indictment, from about July 2014 until May 2016, the company entered into collusive agreements with Taylor Garbage Service to rig bids for waste-hauling, recycling, and related services, and forced customers to pay excessive prices for basic services. The companies conspired through in-person meetings, phone calls, and text messages. According to the plea agreement, over this two-year period, the companies exchanged hundreds of text messages and calls. Their arrangements included, among other methods, the companies agreeing to not pursue the business of each other’s current customers and deciding in advance which company would win a bid, and agreeing to submit a deliberately inflated bid or price quote, or not to submit a bid at all, to a customer to ensure the incumbent company would keep the contract. The CEO and employees of the company also pled guilty and paid an additional $150,000 in criminal fines. See also, People v. Bert Adams, People v. Elbert Adams, People v. Christopher Kline.
People v. Denise Arboleda, New York
In the course of a bid-rigging investigation, Denise Arboledo withheld documents relevant to the investigation from the attorney general’s office. This is a misdemeanor violation of New York State General Business Law sec. 343.
People of New York v. Kaloyeros and Nicolla
SUNY-Poly, a state university, issued RFPs for building projects. Kayoleros was president of SUNY Poly and Nicolla was a member of the Board of Directors of SUNY-Poly and Presdent of Columbia Development, a bidder on projects at SUNY Poly. According to the indictment, they manipulated the awarding of contracts to direct them to favored businesses, including Columbia, by developing language that gave a competitive advantage to some bidders and gave confidential information to those bidders,

