Johnson & Johnson Pays $11M To End Antitrust Suit

Law360, New York (April 5, 2007, 12:00 AM EDT) -- Johnson & Johnson Inc. has agreed to shell out $11 million to settle an antitrust suit lodged by a medical technology company that accused Johnson & Johnson and three subsidiaries of trying to muscle the plaintiff out of the market for surgical endoscopy products.

Utica-N.Y.-based Conmed Corp. filed the lawsuit on Nov. 6, 2003 against Johnson & Johnson Inc., Ethicon Inc., Ethicon Endo-Surgery Inc. and Johnson & Johnson Health Care Systems Inc. in the U.S. District Court for the Southern District of New York.

The parties...
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