Summary
Becton Dickinson & Co. (BDX) is addressing a legal matter concerning an antitrust litigation lawsuit titled "In re Hypodermic Products Antitrust Litigation." The company had previously entered into a settlement agreement with direct purchaser plaintiffs, which was subject to court approval. However, on May 7, 2009, indirect purchaser plaintiffs, who are not part of this settlement, filed a motion to prevent the settlement's finalization. They argue that the court has not yet resolved the critical issue of which plaintiffs have direct purchaser standing, a prerequisite for the settlement's approval.
Key Highlights
- 1BDX is involved in "In re Hypodermic Products Antitrust Litigation."
- 2A settlement agreement with direct purchaser plaintiffs was previously announced, contingent on court approval.
- 3Indirect purchaser plaintiffs, not part of the settlement, have filed a motion to block the settlement.
- 4The indirect purchasers' primary objection is that the court has not yet determined direct purchaser standing.
- 5The existing settlement agreement explicitly requires the court to rule on direct purchaser standing before approving the settlement.
- 6This filing indicates ongoing legal proceedings that could impact the final resolution of the antitrust litigation.