Wednesday, April 22, 2015

While J&J and Costco Duke It Out in California, Costco Sides with Utah about Contact Lens Pricing

"Johnson & Johnson’s contact lens unit on Friday urged a California federal judge to toss Costco Wholesale Corp.’s antitrust suit alleging J&J drives up prices by cutting off retailers that sell its lenses at a discount, arguing its unilateral pricing policies are 'entirely lawful,'" notes Law 360. "Cotsco’s suit is one of many related suits recently filed in California federal court over the allegedly anticompetitive pricing floor. The discount retailer has alleged that other contact retailers pressured Johnson & Johnson Vision Care Inc. to set an anticompetitive minimum retail." Read more.

"Warehouse store giant Costco is siding with the state of Utah in a lawsuit filed over a bill that bans price-fixing of contact lenses," reports Fox 13, the Fox affiliate in Salt Lake City. "In a motion filed Monday in federal court and obtained by Fox 13, Costco Wholesale seeks to intervene in a series of lawsuits filed by contact lens manufacturers against the state over Senate Bill 169, which was signed into law by Governor Gary Herbert last month. Court records show U.S. District Court Judge Dee Benson granted Costco’s motion to intervene. Former federal judge Paul Cassell is representing 1-800-CONTACTS, which is also siding with the state." Read more.

1 comment:

  1. I hope it all goes well..Thanks for the link. I'll read more of it.

    ~ SOI Optometristes