J&J, Alcon Paying $75 Million to End Contact Lens Antitrust Case

A Johnson & Johnson unit and Alcon Vision LLC reached a deal to pay a combined $75 million—just days before a scheduled trial—to end antitrust litigation over an alleged price-fixing scheme by top contact lens makers and their primary distributor, according to a federal court filing in Jacksonville, Fla.

The agreements, docketed Wednesday, call for payments of $55 million by Johnson & Johnson Vision Care Inc. and $20 million by Alcon, the last two companies—out of five—facing class action claims in the U.S. District Court for the Middle District of Florida.

The pacts bring the total value of settlements in ...