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The ACCC instituted proceedings against British Airways seeking penalties for alleged price fixing contraventions relating to fuel surcharges applied to international carriage of air cargo between 2002 and early 2006. [1]
v. t. e. Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The intent of price fixing may be to push the price ...
Roberts, joined by McReynolds. United States v. Socony-Vacuum Oil Co., 310 U.S. 150 (1940), [1] is a 1940 United States Supreme Court decision widely cited for the proposition that price-fixing is illegal per se. [2] The Socony case was, at least until recently, the most widely cited case on price fixing. [3]
Commerce Clause. Swift & Co. v. United States, 196 U.S. 375 (1905), was a case in which the United States Supreme Court ruled that the Commerce Clause allowed the federal government to regulate monopolies if it has a direct effect on commerce. It marked the success of the Presidency of Theodore Roosevelt in destroying the " Beef Trust ".
Sherman Act 1890 § 1 Preventing collusion and cartels that act in restraint of trade is an essential task of antitrust law. It reflects the view that each business has a duty to act independently on the market, and so earn its profits solely by providing better priced and quality products than its competitors. The Sherman Act §1 prohibits "[e]very contract, combination in the form of trust ...
The Clayton Antitrust Act of 1914 (Pub. L. Tooltip Public Law (United States) 63–212, 38 Stat. 730, enacted October 15, 1914, codified at 15 U.S.C. §§ 12–27, 29 U.S.C. §§ 52–53), is a part of United States antitrust law with the goal of adding further substance to the U.S. antitrust law regime; the Clayton Act seeks to prevent anticompetitive practices in their incipiency.
On 5 April 2006, Sun Woo Lee, Senior Manager of DRAM at Samsung Electronics, entered into a plea bargain with the US Government for his involvement in the price fixing conspiracy. [5] Following the plea agreement he was sentenced to 8 months in prison and fined US$250,000. [6] Lee was subsequently promoted to President of Samsung Germany in ...
15 U.S.C. § 1 (§ 1 of the Sherman Antitrust Act) Texaco Inc. v. Dagher, 547 U.S. 1 (2006), was a decision by the Supreme Court of the United States involving the application of U.S. antitrust law to a joint venture between oil companies to market gasoline to gas stations. The Court ruled unanimously [ 1] that the joint venture's unified price ...