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Unfair business practices (also Unfair Commercial Practices) describes a set of practices by businesses which are considered unfair, and which may be unlawful. It includes practices which are covered by other areas of law, such as fraud , misrepresentation , and oppressive or unconscionable contract terms.
Dumping, also known as predatory pricing, is a commercial strategy for which a company sells a product at an aggressively low price in a competitive market at a loss.A company with large market share and the ability to temporarily sacrifice selling a product or service at below average cost can drive competitors out of the market, [1] after which the company would be free to raise prices for a ...
price fixing and other allegedly anti-competitive trade practices in the credit card industry: 2012 Pigford v. Glickman: racial discrimination in its allocation of farm loans and assistance: 1999/2010 Price v. Philip Morris, Inc: cigarette company advertising class action led by plaintiff's attorney Stephen Tillery resulted in $10.1 billion ...
Bank of America has been slapped with $225 million in penalties by federal authorities for “unfair and deceptive practices” related to customers’ unemployment benefits programs.
“The fact remains that these fees are an unfair business practice that harms merchants and consumers and benefits banks,” she added. ... Visa’s North America president, said in a statement ...
(Reuters) -Livestock farmers in the U.S. would have a clearer path to bringing antitrust complaints against meatpacking companies for unfair business practices under a rule proposed by the U.S ...
The FTC Act prohibits unfair methods of competition, unfair or deceptive acts or practices in or affecting commerce. [9] The Commission is empowered to enforce the act's provisions against all persons, partnerships or corporations, with several exceptions, including banks, savings and loans institutions, federal credit unions—each as ...
Boeing said late on Thursday it filed an unfair labor practice charge with the National Labor Relations Board against the union that represents about 33,000 striking U.S. West Coast factory workers.