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Civil Plaintiff

Contact Lens Manufacturers Settle Seperate Price-Fixing Cases for a Total of $75M

More than half a decade after it began, a class-action lawsuit accusing several contact lens manufacturers of anticompetitive price fixing has finally come to a close.

The case ended with Alcon and Johnson & Johnson Vision agreeing to separate settlements that together equal $75 million. The proposals were initially put forth in April of this year and agreed to by all parties on Wednesday.

According to court filings, Alcon agreed to pay $20 million, while J&J Vision will dole out $55 million. They join previous settlements from Bausch + Lomb and CooperVision, which agreed to pay $10 million and $3 million, respectively, in 2019. In agreeing to the settlements, none of the four companies admitted to any wrongdoing in the case.

Read the source article at fiercebiotech.com

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