In re Prudential Settlement
Prudential agreed to eliminate the payment of contingent commissions to brokers on group insurance products and provide full disclosure of broker compensation to employers who seek to purchase insurance for their employees through Prudential. Prudential will also provide restitution of $16.5 million to policyholders and pay civil penalties totaling $2.5 million.
In re Healthcare Research and Development Institute LLC
Investigation led by CT AG into certain anticompetitive behavior carried out by HRDI in the healthcare service and supply industry and the use of undue and improper influence in the healthcare purchasing process. HRDI agreed to dissolve, but it is permitted to reorganize with only health care executives as members. HRDI also must pay Connecticut $150,000.
New York v. Facsimile Communications Industry, Inc. d/b/a/ Atlantic Business Products, Inc., No. 402299/03 (Sup. Ct. N.Y. County 2002)
Atlantic Business Products and Candle Business Systems entered into a customer allocation agreement that had a negative effect on the retail copier market. Candle plead to the criminal charges and entered into a settlement resolving the civil action.
Florida v. Barber Dairies, Inc. et al., No. 89-40019-MP (N.D. Fla. 1989)
Florida sought treble damages, investigative costs, attorneys fees, and permanent injunctive relief, alleging that defendant companies conspired to enter agreements with potential competitors to rig bids on Florida county school milk requirement contracts.
Maine v. Coutts Bros., No. CV-00-088, Kennebec Superior Court, June 28, 2001)
State alleged bid-rigging on utility construction contracts. After trial, defendants were enjoined from further violations and paid $30,000 civil penalty plus costs.
Nixon et al., v. Cargill, Inc., No. 4:97-cv-0687 (E.D.Mo.)April 1997)
Northern Mississippi River and Ohio River States sought to minimize the impact of the merger of Cargill and Akzo by divestiture of bulk deicing salt supply agreement.
Florida v. HCA, No. 03-V-177-FtM-29DNF (M.D. Fl. April 18, 2003)
State alleged that defendants had unlawfully allocated geographic and product markets among themselves. Markets included acute care hosptial services, open heart surgery, and health facilities in several Florida counties.
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.
New York v. Candle Business Systems, Inc., No. 402805-02 (Sup. Ct. N.Y. County Aug. 29, 2002)
Plaintiff state alleged a decade-long conspiracy between two of the New York metropolitan area’s largest copier and duplicator retailers to supply customers in violation of the Donnelly Act, New York’s antitrust law. The investigation also led to the indictment of a salesperson for bribery and bid-rigging in connection with the sale of copiers and duplicators to New York City schools.
New York v. American International Group (AIG), New York Supreme Court Index No. 401720/05, Judge Ramos
Original action filed in New York State Supreme Court alleged that AIG engaged in numerous fraudulent business transactions and improper accounting that exaggerated the strength of the company’s core underwriting business to prop up its stock price. In addition, evidence separately revealed that AIG engaged in bid-rigging schemes for excess casualty insurance business and used contingent commission agreements or placement service agreements to steer business
