an equal and opposite reaction
Case Details for "Akzo Nobel NV (AKZOY, AKZA.AE), Bioproducts Inc., Mitsui & Co. Ltd. (MITSY, 8031.TO), Chinook Global Ltd., Degussa AG successor Evonik Degussa GmbH, Lonza Group AG (LONN.VX), Merck KGaA (MKGAY, MRK.XE), EM Industries Inc., Nepera Inc., Sumitomo Chemical C"
Vitamin Price-Fixing Case Settles for $25M
Twenty-three states and various companies have reached a $25 million settlement of a class-action lawsuit involving a vitamins price-fixing conspiracy
Once the settlement is approved by a federal court, businesses in those states that indirectly purchased 15 different vitamins between 1988 and 2000 may make a claim to obtain money from the settlement. Because of the large number of consumers affected, each Attorney General will distribute settlement funds allocated to consumers in their state to government or not-for-profit organizations.
The companies involved include Akzo Nobel NV (AKZOY, AKZA.AE), Bioproducts Inc., Mitsui & Co. Ltd. (MITSY, 8031.TO), Chinook Global Ltd., Degussa AG successor Evonik Degussa GmbH, Lonza Group AG (LONN.VX), Merck KGaA (MKGAY, MRK.XE), EM Industries Inc., Nepera Inc., Sumitomo Chemical Co. (4005.TO), Mitsubishi Tanabe Pharma Corp. (4508.TO), UCB Pharma Inc. and Vertellus Chemicals SA.
States participating in the settlement are Arizona, District of Columbia, Florida, Hawaii, Idaho, Illinois, Kansas, Maine, Michigan, Minnesota, Nevada, New Mexico, New York, North Carolina, North Dakota, Puerto Rico, Rhode Island, South Dakota, Tennessee, Vermont, Washington, West Virginia and Wisconsin.
Posted on:2009-12-01
Company: Akzo Nobel NV (AKZOY, AKZA.AE), Bioproducts Inc., Mitsui & Co. Ltd. (MITSY, 8031.TO), Chinook Global Ltd., Degussa AG successor Evonik Degussa GmbH, Lonza Group AG (LONN.VX), Merck KGaA (MKGAY, MRK.XE), EM Industries Inc., Nepera Inc., Sumitomo Chemical C
Class: n/a
Scope: Nationwide
Type of Case: Antitrust
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