General Electric to Pay Antitrust Damages of $131.4 Million
A Texas jury found unanimously that General Electric (“GE”) violated federal antitrust law by engaging in anticompetitive conduct affecting sales of refurbished anesthesia machines and the servicing of all GE anesthesia machines. It awarded actual damages of $43,083,344 to the plaintiffs—17 independent service organizations (“ISOs”) who compete with GE’s anesthesia sales and servicing businesses. Under…