Mead Johnson agrees to $31.8 mil. settlement of infant formula suits in 17 states.
This article was originally published in The Tan Sheet
Executive Summary
MEAD JOHNSON AGREES TO $31.8 MIL. SETTLEMENT IN INFANT FORMULA PRICE FIXING SUITS in 17 states, the Bristol-Myers Squibb subsidiary said Sept. 4. The settlements, once approved by the individual state courts, will resolve state actions alleging that a price fixing conspiracy for infant formula took place between 1980 and 1992. The company said it has agreed to pay a total of $31.8 mil. in cash and product.