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Price fixing is an anticompetitive agreement between participants on the same ... the reason may be collusive to set the price or just overpriced, but it is legal in ...
Conduct considered unlawful per se includes horizontal price-fixing, [22] horizontal market division, [23] and concerted refusals to deal. [ 24 ] Violations of the "rule of reason": A totality of the circumstances test, asking whether the challenged practice promotes or suppresses market competition.
Price-fixing is a very simple type of fraud where the principals who publish a price or indicator conspire to set it falsely and benefit their own interests. The Libor scandal for example, involved bankers setting the Libor rate to benefit their trader's portfolios or to make certain entities appear more creditworthy than they were.
There are federal restrictions on related but different practices, such as price-fixing laws that bar companies from agreeing to not compete against each other and set higher prices.
The suit was filed because of price fixing and other allegedly anti-competitive trade practices in the credit card industry. In February 2019, U.S. District Court Judge Margo K. Brodie approved a settlement in the case that amounted to $5.54 billion. [1]
“This is price fixing,” Arizona’s attorney general wrote in a lawsuit filed this year against the company. “And it is illegal.” “And it is illegal.”
In 2019, the 6 companies behind the "Compote Cartel", a price-fixing scheme for children desserts products, were fined €58.3million for engaging in a sophisticated plan to artificially inflate the prices of their products via secret coordination.
An international group of vitamin manufacturers that allegedly carried a price-fixing conspiracy over the course of 12 years has agreed to pay over $25 million to settle a class action lawsuit by ...