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The former owner of a physical therapist staffing company moved Monday to toss the antitrust charges against him in the government's first criminal wage-fixing case, telling a Texas federal court there's no precedent for criminal charges over that type of activity.
Safex Chemicals acquires Mumbai-based Shogun Organics
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Last Updated: May 05, 2021, 06:17 PM IST
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Synopsis
Commenting on the deal, Safex Chemicals Director Piyush Jindal said, We intend to leverage Shogun s existing infrastructure to backward integrate into the agrochemical technicals segment and expand into the agrochemical exports market .
PTI
Safex Chemicals India Ltd on Wednesday announced the acquisition of Mumbai-based chemical maker Shogun Organics for an undisclosed amount. The acquisition will provide Safex a platform to backward integrate the agrochemical technical segment and enter the home care and agrochemical technical manufacturing segment, the company said in a statement. Meanwhile, the promoters of Safex SK Chaudhary, Neeraj Jindal, Rajesh Jindal and Piyush Jindal will join the board of Shogun Organics, it added.
Under the Biden administration, the Department of Justice continues to make good on its promise to bring criminal antitrust enforcement actions in labor markets, and indications are.
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Businessmen Face More Charges Of Fixing Therapist Wages
Law360 (April 19, 2021, 9:45 PM EDT) Two Texas businessmen have been hit with additional charges in a criminal case accusing them of conspiring with other companies in the home health arena to fix the salary they would offer physical therapists, after a federal jury returned a superseding indictment.
Neeraj Jindal and John Rodgers are accused of violating the federal Sherman Act antitrust law by plotting to lower the competitive salary for physical therapists and their assistants in the Dallas-Fort Worth area back in 2017, according to the charges handed down on Thursday.