Maryland v. Rite-Aid Corp.
Rite Aid sought to acquire the assets of Canadian company Jean Coutu, which owned the Eckerd and Brooks retail pharmacy chains. Parties agreed to divest 26 stores in seven states.
Pennsylvania v. ACE Limited
Plaintiff state reached a settlement with ACE Limited in connection with ACE’s involvement with other insurers and brokers in a scheme to rig bids for excess casualty insurance. These illegal business practices occurred between 2000 and early 2004. In addition to the bid-rigging tactics, ACE also paid “contingent commissions,” which are payments that insurers pay to brokers and agents in addition to their base commissions. In exchange for the “contingent commissions,” brokers agreed to steer policies for excess casualty to ACE and increased premiums on existing policies. The agreement requires ACE to reform its business practices. Ace will now disclose to any client, who asks how much it is paying in compensation to a broker or non-exclusive agent on that client’s insurance business and will etablish a toll-free telephone number that policyholders can request disclosure of compensation information.
Pennsylvania v. Children’s Hospital of Pittsburgh/UPMC (Oct. 2001)
Consent decree entered by Pennsylvania AG with Children’s Hospital and UPMC.
Pennsylvania v. Altoona Hospital and Bon Secours Holy Family Regional Health System (Oct. 2004)
Altoona Hospital and Bon Secours merger allowed as long as the merged hospital system follows the requirements outlined in the consent decree.
Pennslyvania v. Conemaugh Memorial and UPMC Lee (Jul. 2005)
Consent decree filed by Pennsylviana AG, allowing Conemaugh and UPMC Lee merger as long as certain requirements are followed.
Texas v. Zurich American Insurance Company (In re Insurance Brokerage Antitrust Lit. (D.C. No. 04-cv-05184, D.N.J.)
Zurich settled claims involving payment of contingent commissions and submission of false bids for insurance coverage.
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
U.S. and Pennsylvania v. USA Waste Services, Inc. (W.D.Pa. 8/22/1997)
Merger of largest and third-largest waste hauling companies in the U.S. Joint complaint and settlement filed, requiriing divestiture of landfill sites near Pittsburgh.
Merger of CorestatesFinancial Corp./Meridian Bancorp
Joint investigation with Department of Justice of merger of two banks. Merger approved with divesitutres.
Pennsylvania Settlement with United Chair Company
Defendant furniture manufacturer settled claims of bid-rigging on contracts with the state.
