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.

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