China fines Johnson & Johnson in landmark price-fixing case

August 2, 2013 by Brad Perriello

The Chinese government fines Johnson & Johnson for setting a price floor and firing a Chinese distributor, Rainbow Medical, for breaking it.

China fines Johnson & Johnson in landmark price-fixing case

Johnson & Johnson (NYSE:JNJ) won the dubious distinction of being the 1st Fortune 500 company to be fined for price fixing in China, according to a newspaper there.

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