Wyeth, Schering broker fees probe
This article was originally published in The Tan Sheet
Executive Summary
Justice Department antitrust investigators are looking into same-day move by Wyeth and Schering-Plough to reduce fees paid to at least one firm, Compass Marketing, which distributes consumer products to "alternative" outlets such as convenience stores. Both companies reduced fees from 4% to 3% on March 30. Sykesville, Md.-based Compass is cooperating with DoJ requests for documents and employee interviews; it was asked for information about only those two companies. Firm says it was fired by Wyeth Aug. 9. DoJ declined to say whether investigators are looking into other consumer products companies or brokers...