Long-Delayed $45M Becton Antitrust Deal Wins Court OK

Law360, New York (November 16, 2012, 6:33 PM EST) -- Following more than three years of delay, a New Jersey federal judge on Thursday signed off on a $45 million settlement to resolve claims that medical supplier Becton Dickinson & Co. monopolized the national market for hypodermic needles.

U.S. District Judge Jose L. Linares granted preliminary approval for a deal, first proposed in 2009, that was sidelined by a protracted fight between plaintiffs over who — supply distributors or health care providers — had standing as direct purchasers of the Becton syringes.

Under the U.S. Supreme...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.