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US: New co-lead counsel named in Contact Lens antitrust litigation

By  |  October 8, 2015

National law firm Robins Kaplan LLP announced today that it has been named co-lead counsel in antitrust litigation against the four dominant manufacturers and the largest nationwide distributor of contact lenses. As co-lead counsel, Robins Kaplan represents a proposed class of individual consumers that purchased contact lenses from retailers and eye care professionals that could number in the millions.

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    Robins Kaplan filed one of the first class action complaints on behalf of purchasers of contact lenses in the U.S. in March 2015, alleging a conspiracy by Alcon Laboratories, Inc., Bausch + Lomb, Inc., CooperVision, Inc., Johnson & Johnson, Vision Care, Inc., and wholesale distributor ABB Optical Group, to stifle competition from discount retailers and stabilize prices in the $4 billion contact lens market.

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    According to the complaint, the defendants achieved their ends through corporate policies that prohibited retailers from reselling their contact lens products for prices below established price floors. A Senate Judiciary subcommittee held a hearing on the use of such pricing policies last summer, and numerous complaints on the issue have been made to the Federal Trade Commission since.

    Full content: Market Watch

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