FTC "FAILED TO SHOW" ABBOTT COLLUSION WITH INFANT FORMULA COMPETITORS
This article was originally published in The Tan Sheet
Executive Summary
FTC "FAILED TO SHOW" ABBOTT COLLUSION WITH INFANT FORMULA COMPETITORS in supply bidding for the 1990 Puerto Rico Special Supplemental Food Program for Women, Infants and Children (WIC), a U.S. district court judge ruled on May 27. Deciding in favor of Abbott Labs in the case brought by the Federal Trade Commission in June 1992, U.S. District Court for the District of Columbia Judge Stanley Sporkin stated that "Abbott has submitted a plausible explanation for its...bid strategy and the government has failed to show by a preponderance of the evidence that its action was the result of collusion with its competitors."