Categories: Business

DaVita and its former CEO acquitted of U.S. antitrust charges By Reuters

[ad_1]

DaVita and its former CEO acquitted of U.S. antitrust chargesDaVita and its former CEO acquitted of U.S. antitrust charges© Reuters. FILE PHOTO: The outdoor sign seen at the DaVita Dialysis clinic in Denver February 16, 2017. REUTERS/Rick Wilking

(Reuters) -A jury in Denver, Colorado, acquitted dialysis provider DaVita (NYSE:) and its former CEO Kent Thiry on Friday of charges that they conspired with competitors not to hire each other’s employees.

The Justice Department had alleged in the case that both DaVita and Surgical Care Affiliates LLC required senior-level employees who sought to work for them to notify their current employers that they were job-hunting.

“The jury affirmed that this case should never have been brought,” Thiry said in a statement. “I want to thank the community that provided so much support through this difficult time.”

In a statement, DaVita said: “(We) are grateful to put this matter behind us. We remain committed to operating with integrity and upholding the highest standards of law.”

While enforcers have traditionally focused on prices and innovation in enforcing antitrust law, the Biden administration has shifted its emphasis somewhat to put more focus on illegal agreements that might push down wages.

Friday’s decision comes after DaVita and Thiry had an alleged anti-poaching agreement with Surgical Care Affiliates LLC, now part of UnitedHealthcare, from 2012 to 2017 that sought to prevent each company from wooing away senior-level employees, the Justice Department said last year.

SCA was charged in early 2021. Trial has been set for early next year.

The department also alleged that DaVita struck agreements with two other companies, Hazel Health Inc and Radiology Partners, to not hire DaVita employees.

The jury acquitted the company and its former CEO on all three counts, a spokeswoman for Thiry said.

Wyn Hornbuckle, a spokesperson for the U.S. Justice Department, said in a statement that he was disappointed in the outcome, but respects the jury’s decision and remains committed to enforcing the antitrust laws in the labor markets.

[ad_2]
Source link
Admin

Recent Posts

Practical Tips for Carpet Cleaning on a Budget

Have you ever looked down at your carpet and wondered if there’s a budget-friendly way…

3 weeks ago

The Best CSGO Case to Open in 2025: Top Picks for CS2 Skins

Counter-Strike 2 (CS2) has elevated the thrill of case openings, captivating both seasoned CS:GO veterans…

1 month ago

The Most Common Deal Breakers That Make Buyers Walk Away When I Sell My Car Online in Little Rock, AR

Trying to sell a car online should be simple, but sometimes buyers lose interest fast.…

1 month ago

Why Free Spider Solitaire is the Perfect Game for Quiet Evenings

In the hustle and bustle of modern life, finding moments of quiet solace can feel…

1 month ago

Syracuse Guide To Socializating Your Dog

You have probably heard on the importance of socializing dog after getting a puppy. It…

2 months ago

2025 Vision: How Automation is Reshaping the Mortgage Landscape

The mortgage industry is undergoing a significant transformation, driven by the rise of automation and…

2 months ago