J&J Fined In Landmark Chinese Antitrust Loss

Law360, New York (August 1, 2013, 7:03 PM EDT) -- A Chinese court reportedly ruled Thursday that Johnson & Johnson Medical China Ltd. had violated the country's antitrust law by setting minimum resale prices for one of its medical product distributors, slapping the company with 530,000 yuan ($86,000) in damages.

Shanghai High People's Court ordered two Chinese Johnson & Johnson units to pay their former distributor Rainbow Medical for cutting the company off after it sold products to a hospital below Johnson & Johnson's price floor, the China Daily reported Thursday.

The ruling marks the first...
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