Feeds
Maine's attorney general, responding to complaints by lobstermen suffering under rock-bottom prices, has opened an investigation into allegations of price-fixing among some lobster dealers.
The Idaho Supreme Court has refused to revive a lawsuit brought by a shareholder who claimed Micron Technology's top officials were taking part in a price-fixing scheme.
A Dutch airline executive will plead guilty, serve jail time and pay a fine for conspiring to fix cargo rates on international air shipments, the Justice Department said Wednesday.
Three more foreign carriers have agreed to plead guilty to conspiring to fix prices in the air cargo industry, and they will pay a total of $214 million in fines, U.S. prosecutors said Thursday.
Hitachi Displays Ltd. has agreed to plead guilty to conspiring to fix prices on the sale of LCD panels.
Qantas Airways and British Airways were fined by an Australian court Thursday for their involvement in a price-fixing cartel in the global air freight industry, a national competition watchdog said.
Three Asian electronics firms have agreed to plead guilty and pay $585 million in fines for conspiring to drive up the prices of LCD screens used in computers, TVs, cell phones and other electronic devices.
Qantas Airways Ltd. said Tuesday it had agreed to pay Australia's competition watchdog a 20 million Australian dollar ($12 million) fine for the airline's part in a price-fixing cartel in the global air freight industry.
Federal investigators say food broker Randall Rahal liked to use a simple little test to see whether he could bribe purchasing agents at the country's biggest food companies to buy from the tomato processor he represented.
Four international airlines have agreed to pay $504 million in fines to settle charges they conspired to fleece consumers by driving up cargo shipping prices.
Australia's competition regulator said Friday it charged Australian business leader Richard Pratt with four counts of providing false or misleading evidence during a price-fixing investigation.
An agreement by two British-based airlines to pay roughly $210 million to settle a massive price-fixing lawsuit met with tentative approval from a federal judge on Friday.
Newly released court documents allege that the Canadian divisions of Nestle, Mars, Hershey and others teamed up in a price-fixing scheme in the multibillion-dollar Canadian chocolate bar market.
Regulators have launched an investigation into allegations that the Canadian divisions of Nestle, Cadbury, Hershey and others have teamed up in a price-fixing scheme in the multibillion-dollar Canadian business of chocolate bars, company officials confirmed Wednesday.
Qantas Airways Ltd. apologized Wednesday for price-fixing after the Australian carrier became the third international airline this year to admit to the practice in the United States and agree to pay a multimillion-dollar fine.
The state Supreme Court is deciding whether an agreement among bar owners to abandon weekend drink specials was a legal effort to discourage binge drinking or a possible antitrust violation.
Italy investigates pasta makers over 'price-fixing'Italy's financial police have raided the offices of the country's five main pasta makers as part of a price-fixing investigation, judicial sources say.
Alleged Natuzzi price fixing in UK - customers ripped offWell, if these Italian Directors are found guilty, I hope they get better treatment over here in our justice system than Ms Knox did. The SEC and US Dept of Justice dont lock you up for 2 years before they take you to trial!!!
New charges filed in tomato industry fraud, price-fixing case - Sacramento News - Local and Breaking Sacramento News | Sacramento BeeAnother former SK Foods executive has been charged in Sacramento federal court, the latest expansion of a sprawling case of fraud, bribery and price fixing in the tomato-processing industry.
House Vote On Insurance Industry Antitrust Exemption ComingDid you know that, since the end of the Second World War, insurance companies have been able to fix prices and, in general, avoid competition -- all the while, bankrupting citizens and raking in huge profits.
Why Do Insurers Have Anti-Trust Exemption?Insurance companies warn that repealing the 1945 law would result in fewer insurance companies, ultimately harming consumers.
Martinair Exec Agrees to Jail TimeThat makes four executives and 15 airlines that have pled guilty or agreed to penalties in the ongoing probe of conspiracy to fix prices in air shipments. Fines have topped $1.6 billion, and three persons have already been sentenced to jail time.
Fed Anti-Trust division to have teeth again: Christine Varney expected to be nominated for head of FTCThe Obama administration is assembling a new antitrust-enforcement team that is expected to impose stiffer merger-review standards and file more cases against companies that use market dominance to raise prices than was done under the Bush administration.
Think Gas Is Bad? Printer Ink Is $8,000/gal. A Bostonian is suing HP and Staples for colluding to inflate the price of printer ink. According to the suit, filed by Ranjit Nedi, Staples took a $100 million hint from HP not to stock cheap generic competition to its $8,000-a-gallon juice.
McKesson Settles Wholesale Rx Pricing-Fixing Suit For $350MThe big pharmaceutical distributor was charged with engaging in a scheme to fraudulently inflate the price of more than 400 prescription drugs, including the most widely used meds.
3 Flat-Screen Makers Plead Guilty to Trying to Keep Prices HighPrices for the flat screens in televisions, personal computers and cellphones have plummeted in recent years — but the decline would have been even faster if it hadn't been for an international price-fixing cartel, the Justice Department said on Wednesday.
LCD makers Sharp, LG and Chunghwa plead guilty: Price fixing - Nov. 12, 2008in a time we are bailing companies out, more needs to be done to get back to honest business practices. and fair expectations from wall street. greed should not be rewarded or punished with a slap on the hand.
Supreme Court Decision Re-Opens The Door To Price Fixing in the United StatesManufacturers are embracing broad new legal powers that amount to a type of price-fixing -- enabling them to set minimum prices on their products and force retailers to refrain from discounting.
Office of Fair Trading to charge British Airways executives with price-fixingFour former and current bosses of airline British Airways could face criminal prosecution for price-fixing after they allegedly conspired with their counterparts at Virgin Atlantic to fix the price of fuel surcharges on long-haul flights.
Garbage Co. Executive Pleads Guilty to Price Gouging, FixingJames Galante, who runs a network of trash companies worth tens of millions of dollars, is accused with 33 others of conspiring to carve up territories, monopolize carting routes and drive up prices paid by customers.
OFT investigates 100 household brands over price-fixing allegationsThe Office of Fair Trading is conducting an investigation into price fixing between leading supermarkets and their suppliers.
Supermarkets accused of price fixingThe Office of Fair Trading (OFT) has today announced a further investigation into supermarket price-fixing, this time in relation to tobacco products.
OFT pays damages to Morrisons over dairy price-fixing claimSupermarket chain, WM Morrison, has been paid £100,000 in compensation by the Office of Fair Trading (OFT) after the OFT wrongly accused it of fixing the price of dairy products.
Louisiana AG's Suit Against Insurers Over Katrina Stays in U.S. CourtThe suit accuses Allstate Insurance Co., State Farm Fire and Casualty Co. and several other insurers of working together to fix prices, manipulate damage estimates and low-ball claims payments after Katrina and Hurricane Rita devastated the state in 2005.
Drug companies under the competition microscopeFirst it was the milk companies. Then the bread companies. Now the pharmaceutical companies are set to face the wrath of the Competition Commission for fixing the price of drugs sold to State and private hospitals.
Price-fixing investigations ensnare chocolate titans-Officials in Canada are investigating whether that country's most prominent chocolate powers -- among them The Hershey Co., Mars Inc.
Supermarkets admit price fixingBoth Sainsbury's and Asda are to pay fines of a least £116m having admitted to fixing the price of milk, cheese and butter following an inquiry by the Office of Fair Trading. The OFT first announced possible price fixing back in September as reported In the News on September 20.
Qantas guilty of price-fixing, fined $70 millionQANTAS has agreed to plead guilty and pay almost $70 million fine in a US court after being charged with price-fixing international air cargo rates.
South Africa: Tiger Brands Fined R98.7m for Bread Cartel An administrative penalty of R98.7 million has been imposed on Tiger Consumer Brands Ltd by the Competition Commission for undesirable and anti-competitive practices.
Italy investigates pasta makersItalian authorities have opened an investigation into pasta manufacturers over alleged price fixing. Italy's regulator said it would examine the practices of Italian pasta manufacturers to see whether they were uncompetitive.
Log In | Register
