Luxottica Settles Out Of 1-800 Contacts Antitrust Case

By Matt Bernardini (July 8, 2019, 5:38 PM EDT) -- Eyewear company Luxottica of America Inc. told a Utah federal court that it had reached a settlement in a case brought by a class of buyers who had accused the company and others of working with 1-800 Contacts to stifle competition for contact lenses.

The terms of the settlement were not made public on Friday, however, the deal allows Luxottica to exit the case, which still includes four other retailers.

The case began when consumers — spurred by an August 2016 Federal Trade Commission complaint against 1-800 Contacts — filed a flurry of suits alleging the company entered improper bidding agreements...

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