A $6 billion deal is at stake as OxyContin maker Purdue Pharma LP and its wealthy owners clash with the U.S. Justice Department over the company’s opioid lawsuit settlement. The parties will argue in a New York courtroom on Friday over a plan to funnel billions of dollars to opioid crisis relief efforts while also… Continue reading Purdue Pharma Squares Off with DOJ Over $6 Billion OxyContin Deal
Tag: DOJ
Justice Department Appoints Foreign Bribery Chief
The U.S. Department of Justice has appointed David Last chief of a high-profile unit that investigates and prosecutes companies for paying bribes to public officials overseas. Mr. Last, who was made acting chief of the Foreign Corrupt Practices Act unit in April, was recently given the job on a permanent basis, a Justice Department spokesman… Continue reading Justice Department Appoints Foreign Bribery Chief
Bush-Nominated Judge to Hear U.S. Fight to Stop Aon-Willis Towers Watson Deal
Senior Judge Reggie Walton, who joined the U.S. District Court for the District of Columbia in 2001, will hear the Justice Department’s lawsuit aimed at stopping insurance broker Aon’s $30 billion acquisition of Willis Towers Watson. The U.S. Justice Department filed a lawsuit on Wednesday in hopes of blocking the deal, arguing that it would… Continue reading Bush-Nominated Judge to Hear U.S. Fight to Stop Aon-Willis Towers Watson Deal
Aon and Willis Towers Watson Issue Statement on DOJ Action
Aon plc and Willis Towers Watson shared the following statement today in response to the legal action taken by the U.S. Department of Justice: “We disagree with the U.S. Department of Justice’s action, which reflects a lack of understanding of our business, the clients we serve and the marketplaces in which we operate. Aon and… Continue reading Aon and Willis Towers Watson Issue Statement on DOJ Action
DOJ Challenges Willis Towers Watson-Aon Deal with Anti-Trust Lawsuit
Today the Justice Department (DOJ) filed an antitrust lawsuit challenging insurance broker Aon PLC’s proposed $35 billion acquisition of rival Willis Towers Watson PLC, alleging the tie-up would lead to higher prices and reduced innovation for U.S. businesses, employers and unions that rely on their services. The department, which filed the case in a Washington… Continue reading DOJ Challenges Willis Towers Watson-Aon Deal with Anti-Trust Lawsuit
Aon-WTW: Reports Suggest DOJ Division May Have Reinsurance Concerns
The pending acquisition of rival Willis Towers Watson (WTW) by its larger rival Aon continues to generate headlines, with recent reports in specialist antitrust publications suggesting concerns from the US government may have a reinsurance focus, as well as in other areas like benefits and large corporate clients. While concerns raised by competition authorities and… Continue reading Aon-WTW: Reports Suggest DOJ Division May Have Reinsurance Concerns
Under Biden, Experts Predict DOJ Revamp, Policing Focus
President-elect Joe Biden will likely move quickly to reestablish Obama-era priorities within the Department of Justice and focus on advances in police accountability as well as public defense investment, criminal justice experts told Law360. The Biden administration will have the ability in its early days to put teeth back into the DOJ’s Civil Rights Division… Continue reading Under Biden, Experts Predict DOJ Revamp, Policing Focus
Johnson & Johnson Fails to Overturn $2.12B Baby Powder Verdict, Plans Supreme Court Appeal
Missouri’s highest court on Tuesday refused to consider Johnson & Johnson’s appeal of a $2.12 billion damages award to women who blamed their ovarian cancer on asbestos in its baby powder and other talc products. The Missouri Supreme Court let stand a June 23 decision by a state appeals court, which upheld a jury’s July… Continue reading Johnson & Johnson Fails to Overturn $2.12B Baby Powder Verdict, Plans Supreme Court Appeal
DOJ Files Antitrust Lawsuit Against Google
The Justice Department filed an antitrust lawsuit Tuesday alleging that Google engaged in anticompetitive conduct to preserve monopolies in search and search advertising that form the cornerstones of its vast conglomerate. The long-anticipated case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company’s dominance in the tech… Continue reading DOJ Files Antitrust Lawsuit Against Google
Google Antitrust Suit Looms Over Issues of Search Dominance, Advertising
State attorneys general are expected to meet with top Justice Department officials on Thursday to discuss how—and how quickly—they should pursue an antitrust case against Alphabet Inc.’s Google that could reshape the online business environment. Top Justice Department officials including Attorney General William Barr want to move swiftly in filing the case, The Wall Street… Continue reading Google Antitrust Suit Looms Over Issues of Search Dominance, Advertising