-
A.O.A. Settles in Contact Lens Antitrust Suit
-
JACKSONVILLE, Fla.--
April 30, 2001--The American Optometric Association has agreed to a
settlement with the attorneys general of 32 states and contact-lens wearers in the six-year-old
contact-lens antitrust suit. Under terms of the settlement, the A.O.A. will pay $750,000 and is
prohibited from participating in any activity that could be construed as encouraging behavior
in restraint of trade, such as asking CL manufacturers to refuse to sell to any retail channel.
Final resolution of the case is expected at a May 22 hearing. Vistakon remains a defendant in
the case; CIBA Vision and Bausch & Lomb, also named as defendants, settled earlier.
|
-
Oakley Cracks Down on Counterfeiters Sunglasses Again
-
FOOTHILLS
RANCH, CA.--Mach 30, 2001--Oakley continues its war on sunglass counterfeiters:
in the first quarter of this year alone, Oakley's enforcement efforts
resulted in 60 arrests worldwide and confiscation of more than 178,930 pairs
of counterfeit sunglasses. Online, nearly 600 auctions for counterfeit items
were finished and several sellers suspended for repeatedly listing auctions
for counterfeit items or for using Oakley's copyrighted images.
In 2000, more than 345 individuals were arrested and charged with violating
Oakley's intellectual property rights; 736,751 pieces of counterfeit merchandise--primarily
Plano sun-wear--were recovered. The company estimates more than $11 million
in counterfeit product was seized last year.
|
- Ocular
Sciences Files Suit Against Internet Contact Lens Distributor
- SOUTH
SAN FRANCISCO, CA.--February 9, 2001--Ocular Sciences, Inc.
announced today it filed an action in the United States District Court
for the Southern District of New York on February 6, 2001, against
Weblens.net, a retailer of contact lenses over the internet. The
lawsuit alleges that Weblens.net obtained Ocular's contact lenses in
violation of Ocular's long-standing policy that it will sell its
contact lenses only to authorized distributors and to eye-care
practitioners who prescribe and sell the lenses to their patients. The
lawsuit further alleges that Weblens.net removed the bar coding and
other identifying material from the outside of the Ocular boxes,
unsealed the boxes, and removed labeling from the individual lenses.
As a result of this tampering, Weblens.net's actions prevent Ocular
from tracking its products to the original buyers and remove from the
individual lenses information that patients need, such as lens type,
lens power, expiration date, and manufacturer's name and address. The
lawsuit sets forth claims for relief based on unfair trade practices,
tampering, and trademark infringement and seeks both injunctive relief
and damages.
Ocular Sciences learned of Weblens.net's actions during its regular policing
of the distribution channel. According to John Fruth, the Chairman and
Chief Executive Officer of Ocular Sciences, the Company's distribution
policies are designed around the concept that contact lenses are
medical devices and should be obtained through eye-care practitioners
who fit their patients with the lenses. "We understand that
contact lenses are foreign bodies fitted only on healthy eyes and that
the doctor, the patient, and Ocular take on the responsibility of
keeping them healthy." Mr. Fruth continued, "Therefore, we
believe that selling our products through eye-care practitioners best
serves the health and safety needs of their patients. Patients need to
return to their doctors for regular check-ups. Returning for their
refills allows for further communications between the doctor and
patient pertaining to problems the patient might be experiencing; an
improper wearing schedule; or incorrect use of lens solutions.
Ocular Sciences, Inc., manufactures a broad line of high-quality,
competitively priced soft contact lenses marketed directly to eye-care
practitioners. Ocular's unique lens technology makes its lenses easier
to handle and more comfortable to wear than those of leading
competitors.
|
- B&L
Files Suit
Against WJ, Its Board, and Ocular Science
- ROCHESTER,
N.Y.--September 20, 2000-- After commencing a tender offer to buy all outstanding shares of
Wesley Jessen Vision Care Inc. for $34 cash per share, Bausch & Lomb
has filed a lawsuit in the Court of Chancery of Delaware against Wesley
Jessen, its board and Ocular Sciences Inc. The B&L’s complaint
states that "the WJ/Ocular Sciences merger agreement was entered into
in breach of the Wesley Jessen board’s fiduciary duties to act on a
fully informed basis and to advance the best interests of Wesley Jessen
shareholders," B&L said. According to the papers filed with the
court, B&L seeks judicial relief to “enjoin the merger agreement
that was the product of hasty and ill-informed decisions by the individual
defendants, enjoin the various “protective” provisions in the merger
agreement, and allow the shareholders of Wesley Jessen to make a free and
unhindered choice between the Ocular merger and the Bausch & Lomb
tender offer.” WJ had no comment regarding this matter. However, the
company did file, with the U.S. Securities and Exchange Commission, slides
of a presentation made on April 3 to certain stockholders relating to
pending merger between WJ and Ocular Sciences, Inc. The slides outlined
the previously announced synergies of the merged company, as well as
detailed financial data favoring WJ’s pending merger with Ocular
Sciences.
|
- Johnson &
Johnson Sued by Excalibur
Owners.
- ROANOKE, Va.--September 19, 2000-- Nine eyecare
practitioners have filed lawsuits against Johnson & Johnson Vision
Care, claiming the Excalibur systems they purchased from Innotech-which
J&J acquired in February 1997-are now useless because essential
parts are unavailable. The suits, filed September 11 in Circuit Court
here, allege breach of contract, unjust enrichment, false advertising,
and fraud. When Innotech launched the Excalibur system in 1993, the
company said it would help market and maintain the machines, and sell
the consumables and machine parts needed to make the lenses. After
J&J acquired Innotech, Innotech officials told Excalibur customers
the company would continue to invest in the casting machines, having
already sold more than 900 of them. However, in March 1999, three
months after announcing plans to exit the in-office lens-casting
business, J&J stopped selling Excalibur parts and consumables and
set up a reimbursement program for owners of the system.
When some customers complained the offer wasn't enough, J&J
negotiated with Optical Dynamics to sell some consumables to Excalibur
users, and later gave customers optical tools and credits worth about
$1,500.
J&J declined to comment on the pending litigation.
|
- CIBA take acquisition
of Wesley Jessen company
- ATLANTA, GA. --November 9, 2000-- CIBA
Vision, the eyecare unit of Novartis, completed its acquisition of
Wesley Jessen Vision Care on October 3, 2000, having acquired 98
percent of Wesley Jessen's outstanding common stock through an offer
that ended October 2, 2000. The transaction is valued at about $785
million US dollars.
WJ. is now an indirect wholly owned subsidiary of Novartis. The
combined CIBA-Wesley Jessen becomes the world's second largest contact
lens company, with combined 1999 sales of $1.4 billion US dollars,
according to Novartis.
"As a result of the combination, our customers can expect a
steady flow of new products and unique vision-correction
options," said Glen Bradley, CIBA Vision's CEO.
|