Johnson & Johnson (JNJ) Successfully Sues Chinese Distributor for Breach
5/21/2012 7:11:05 AM
Johnson & Johnson has won the first-ever monopolistic dispute between a producer and dealer on the Chinese mainland, with the court rejecting the dealer's compensation request of 14 million yuan ($2.21 million), said Shanghai No.1 Intermediate People's Court. The US pharmaceutical company, which had cooperated with Ruibangyonghe Trading Company for 15 years, renewed its relationship with the Chinese dealer in 2008, signing a new contract regulating distribution areas and a minimum resale price for Johnson & Johnson products.
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