The company is accused of conspiring to fix the price of ceramic substrates, used in catalytic converters to reduce pollution.
|
|
Can you fix the price of a book if it is part of an all-you-can-read subscription service?
|
|
This summer, the 238nd US Circuit Court of Appeals ruled that Apple violated federal antitrust law by conspiring to fix the price of ebooks.
|
|
Hansoh is set to fix the price of the deal on June 20183 and trading of its shares is scheduled to start on June 14.
|
|
The next month, the ministry established a panel to fix the price of genetically modified cotton seeds and the royalties Monsanto was allowed to collect.
|
|
Cameron and other, unnamed conspirators agreed to fix the price of tuna sold to consumers in the United States from 2011 to 2013, the department said.
|
|
If we would not submit to an emperor, we should not submit to an autocrat of trade with power to prevent competition and to fix the price of any commodity.
|
|
Stephen Hodge, a former executive at tuna producer StarKist, was also charged in May last year with participation in the conspiracy to fix the price of canned tuna from 2011 to 2013.
|
|
The settlement stemmed from a 2005 lawsuit in which retailers accused credit card providers of scheming to fix the price of processing fees, the money the card companies charge retailers for each transaction.
|
|
WASHINGTON (Reuters) - A top sales executive of a canned tuna company, Walter Scott Cameron, has agreed to plead guilty to conspiring to fix the price of tuna, the Justice Department said on Wednesday.
|
|
Indian fuel marketing companies fix the price of petrol and diesel at retail outlets based on an average of last 15 days of benchmark price of petrol and diesel in the Middle East.
|
|
Rather than enabling bureaucrats to fix the price of all one-bedroom flats in the city, new efforts at rent control instead aim to limit the annual rate of increase on specified units.
|
|
A day earlier he had been charged by the Department of Justice with conspiring to fix the price of oil and gas leases between 2007 and 2012, when he was CEO of Chesapeake Energy.
|
|
"To the extent we're able to buy renewable energy via a long-term contract, we're able to fix the price of electricity for that location," Neha Palmer, director of energy strategy at Google, told me recently.
|
|
The European Commission has fined banks Credit Agricole, HSBC and JPMorgan Chase a total of 485 million euros ($520 million) for their part in a cartel to fix the price of financial benchmarks linked to the euro.
|
|
The Supreme Court on Monday rejected an appeal filed by Apple to overturn a stinging ruling that it led a broad conspiracy with several major publishers to fix the price of e-books sold through its online bookstore.
|
|
SANTIAGO, Feb 28 (Reuters) - Chilean supermarket chains Cencosud, SMU and the local unit of Walmart Inc were fined $12.1 million on Thursday for participating in a scheme to fix the price of fresh chicken, according to court documents.
|
|
Both Vallières and St-Pierre had been very critical of the Federation, whose job it is to fix the price of maple syrup, impose production quotas on producers, and stockpile what's left in its Global Strategic Maple Syrup Reserve.
|
|
WASHINGTON (Reuters) - A former StarKist executive pleaded guilty on Wednesday to conspiring with officials from other tuna companies to fix the price of canned seafood in the United States from 2011 to 2013, the U.S. Justice Department said in a statement.
|
|
WASHINGTON (Reuters) - Three South Korean companies will plead guilty to criminal charges and pay $236 million for their role in a conspiracy to fix the price of fuel sold to U.S. military bases in South Korea, the Justice Department said on Wednesday.
|
|
The parties intend to draw up a detailed agreement as soon as possible, which will fix the price of the sale of the various cannabis products according to prices on the Canadian market at the time of signing, the company said in a statement.
|
|
One 1978 judgment the government wants terminated involves Pan American World Airways, Trans World Airlines and Lufthansa German Airlines - now known as Deutsche Lufthansa AG - which settled allegations they conspired to fix the price of airfare to travel between the United States and Germany by U.S. military personnel and their dependents.
|
|
Pete Buttigieg had nothing to do with a decadelong scheme to fix the price of bread across Canada, his campaign said in a statement, despite an internet theory that bubbled up after Buttigieg disclosed that he had done consulting work on supermarket pricing for the Canadian chain Loblaws during his time at McKinsey.
|
|
In November 2018, South Korean companies SK Energy Co Ltd ; GS Caltex Corp, 50 percent owned by Chevron ; and Hanjin Transportation Co Ltd agreed to plead guilty to criminal charges and pay $236 million for their role in a conspiracy to fix the price of fuel sold to U.S. military bases in South Korea.
|
|
As a result, they have been able to fix the price of almost everything in the economy: antibiotics and other life-saving medication, fees on credit card transactions, essential commodities like cell-phone batteries and electric cables and auto parts, the rates companies pay to exchange foreign currency, even the interest rates on the municipal bonds that cities and towns rely on to build schools and libraries and nursing homes.
|
|
While at Berger and Montague, Millstein was appointed as chair of the executive committee in Digital Music Antitrust Litigation, MDL 1780, a case involving collusion between and among the five major record labels to fix the price of digital music.
|
|
On behalf of a European whistleblower, Guttman was counsel in U.S. ex rel. Bunk v. Birkart, a litigation that resulted in a $13 million settlement with the U.S. government. The Birkart case stemmed from an alleged conspiracy to fix the price of shipping services sold to the U.S. Defense Department.
|
|
An attempt to fix the price of tuna resulted in a $25 million fine for Bumble Bee Foods in 2017 and a $100 million fine for StarKist in 2020. Christopher Lischewski, the former CEO of Bumble Bee, was sentenced to 40 months in jail and fined $100,000 for his 2010–2013 involvement.
|
|
The De Beers diamonds antitrust class action sought to end an alleged 60-year conspiracy to fix the price of rough diamonds in the U.S. by the De Beers group of companies. The litigation includes several cases including Hopkins v. De Beers Centenary A.G., et al., No. CGC-04-432954, which commenced on July 24, 2004, and Sullivan v.
|
|
He was appointed Governor of Portsmouth in July 1694, and held the position until 1712. He was returned unopposed for Warham at the 1695 English general election. Erle was again involved in the management of the mutiny bill, he signed the Association, and voted with the Court in March 1696 to fix the price of guineas at 22 shillings.
|
|
He voted to fix the price of guineas at 22 shilling in March 1696 and for the attainder of Sir John Fenwick on 25 November 1696. On 7 March 1697 or 1698 Biddulph married as his second wife Elizabeth D'Oyly, daughter of William D'Oyly. He built and lived at Elmhurst Hall just north of Lichfield during his time as MP for the city.
|
|
On 8 November 2008, the United States Department of Justice announced that Sharp had agreed to pay $120 million (United States Dollar) as a criminal fine. According to the announcement, Sharp participated in conspiracies to fix the price of TFT LCD panel for Dell's computer monitors and laptops (2001–2005), Motorola's Razr phones (2005–2006) and Apple's iPod (2005–2006).
|
|
In 2004, De Beers pled guilty and paid a US$10 million fine to the United States Department of Justice to settle a 1994 charge that De Beers had colluded with General Electric to fix the price of industrial diamonds. In 2008, De Beers agreed to pay US$295 million class-action settlement after accusations of price fixing. The company appealed the decision but ended up paying the settlement in 2013.
|
|
However, the JCI continues commercial operations in these years. In the 1980s the JCI experienced difficulty in disposing of its stocks of raw jute purchased under the MSP. The Ministry of Textiles used the power vested in the Jute Commissioner under the Essential Commodities Act, 1955 to fix the price of B.Twill bags and to require private jute mills to lift raw jute from the JCI. This practice has remained in force since then.
|
|
142–45 Subsequently, he entered the lucrative control over the fruit and vegetable business in Naples. In the early 1950s the Camorra controlled the entire chain of the fruit and vegetable markets. They imposed themselves as the protectors of the peasant farmers and shopkeepers, demanding in exchange the right to fix the price of products and control the business.Pupetta Maresca , Criminology Museum Rome They set whatever price they wanted and were called ‘the Presidents of prices’.
|
|
He was also called upon to help draft many bills. In 1691, he married as his second wife, Gwen Williams, the daughter and coheiress of Sir Robert Williams, 2nd Baronet, of Penrhyn, Caernarvonshire. He was returned unopposed for Honiton again at the 1695 English general election and signed the Association promptly. He voted to fix the price of guineas at 22 shillings on 26 March 1696 and spoke and voted for the attainder of Sir John Fenwick on 25 November 1696.
|
|
To avoid what it could be termed as a "confiscation", the police gave each jeweler "compensation" in the form of a receipt which they could cash in paper pesos. Credits and deposits in foreign currency in the national and foreign banks operating in Chile were declared the property of the State. They also pardoned all the people involved in the Sailors' mutiny. A General Commissariat of Subsistence and Prices was also established with the authority to fix the price of staple foods.
|
|
Dowdeswell was returned unopposed for Tewkesbury as a Whig at the 1690 English general election and helped prepare the bill relating to the rights of borough corporations. In this respect, with his father-in-law, Sir Francis Winnington, be initiated a petition, by May 1693, for a new charter for Tewkesbury. At the 1695 English general election he was returned again and continued to support the administration. He signed the Association and voted, in March, to fix the price of guineas at 22 shillings.
|
|
The power of Masonite to fix the > price of the product which it manufactures, and which the entire group sells > and with respect to which all have been and are now actual or potential > competitors, is a powerful inducement to abandon competition. . . . Control > over prices thus becomes an actual or potential brake on competition. This > kind of marketing device thus actually or potentially throttles or > suppresses competing and noninfringing products, and tends to place a > premium on the abandonment of competition.316 U.S. at 280-81.
|
|
In 2007, Tesco was placed under investigation by the UK Office of Fair Trading (OFT) for acting as part of a cartel of five supermarkets (Safeway, Tesco, Asda, Morrisons and Sainsburys) and a number of dairy companies to fix the price of milk, butter and cheese. In December 2007, Asda, Sainsburys and the former Safeway admitted that they acted covertly against the interests of consumers while publicly claiming that they were supporting 5,000 farmers recovering from the foot-and-mouth crisis. They were fined a total of £116 million.
|
|
The suit says that this price-fixing artificially raises the price that consumers pay using ATMs, limits the revenue that ATM-operators earn, and violates the Sherman Act's prohibition against unreasonable restraints of trade. Johnathan Rubin, an attorney for the plaintiffs said, "Visa and MasterCard are the ringleaders, organizers, and enforcers of a conspiracy among U.S. banks to fix the price of ATM access fees in order to keep the competition at bay." In 2017, a US district court denied the ATM operators' request to stop Visa from enforcing the ATM fees.
|
|
In October 2005, the Korean company Samsung pleaded guilty to conspiring with other companies, including Infineon and Hynix Semiconductor, to fix the price of dynamic random access memory (DRAM) chips. Samsung was the third company to be charged in connection with the international cartel and was fined $300 million, the second largest antitrust penalty in US history. In October 2004, four executives from Infineon, a German chip maker, received reduced sentences of 4 to 6 months in federal prison and $250,000 in fines after agreeing to aid the U.S. Department of Justice with their ongoing investigation of the conspiracy.
|
|
In the early 1990s, at the agri-business conglomerate Archer Daniels Midland (ADM), Mark Whitacre is a corporate vice president and head of the bio-products division. In November 1992, under pressure from his wife, Whitacre confesses to an FBI agent that he, along with other ADM executives, routinely met with competitors to fix the price of lysine, a food additive. Afterwards, Whitacre assists in gathering evidence against the other conspirators by secretly taping their activities during overseas business meetings. Over the course of three years, the FBI collects hundreds of hours of video and audio tapes documenting the largest case of price-fixing in history.
|
|
She wrote to John Vickers, the OFT director-general, saying, "They are not a group of businessmen meeting behind closed doors to fix the price of their products to the disadvantage of the consumer. They are schools that have quite openly continued to follow a long-established practice because they were unaware that the law had changed." Jonathan Shephard, Chief Executive of the ISC, stated: "This is a Kafkaesque situation... the law seems to have changed without Parliament realising – and without the independent sector being consulted – contrary to the government's own strict guidelines on consultation. Schools are now being held liable for breaking a law which no- one knew applied to them".
|
|
In early November 1992, the high-ranking Archer Daniels Midland Co. (ADM) executive Mark Whitacre confessed to an FBI agent that ADM executives, including Whitacre himself, had routinely met with competitors to fix the price of lysine, a food additive. The lysine conspirators, including ADM, ultimately settled federal charges for more than $100 million. ADM also paid hundreds of millions of dollars ($400 million alone on the high fructose corn syrup class action case) to plaintiffs and customers that it stole from during the price-fixing schemes. Furthermore, several Asian and European lysine and citric acid producers that conspired to fix prices with ADM paid criminal fines in the tens of millions of dollars to the U.S. government.
|
|
Forty Hall from the South East Wolstenholme was returned as Member of Parliament for Middlesex at the 1695 English general election. He signed the Association, and voted to fix the price of guineas at 22 shillings in March 1696. He was active in promoting local issues in Parliament. In 1696, he succeeded to his father-in-law's estate at Forty Hall. Though this inheritance helped his financial situation, he was still in difficulties and was keen to recover nearly £10,000 in arrears owed by the crown from a patent granted to his father by Charles II as collector for the port of London. He was returned again at the 1698 English general election and reported on a bill to improve river and harbour navigation in May 1698.
|
|
A contract for difference (CFD) is a two-way hedge or swap contract that allows the seller and purchaser to fix the price of a volatile commodity. Consider a deal between an electricity producer and an electricity retailer, both of whom trade through an electricity market pool. If the producer and the retailer agree to a strike price of $50 per MWh, for 1 MWh in a trading period, and if the actual pool price is $70, then the producer gets $70 from the pool but has to rebate $20 (the "difference" between the strike price and the pool price) to the retailer. Conversely, the retailer pays the difference to the producer if the pool price is lower than the agreed upon contractual strike price.
|
|
Mark Whitacre, a rising star at the Archer Daniels Midland (ADM) office in Decatur, Illinois, during the early 1990s, blows the whistle on the company’s price-fixing tactics at the urging of his wife Ginger. One night in November 1992, Whitacre confesses to FBI special agent Brian Shepard that ADM executives--including Whitacre himself--had routinely met with competitors to fix the price of lysine, an additive used in the commercial livestock industry. Whitacre secretly gathers hundreds of hours of video and audio over several years to present to the FBI. He assists in gathering evidence by clandestinely taping the company’s activity in business meetings at various locations around the globe such as Tokyo, Paris, Mexico City, and Hong Kong, eventually collecting enough evidence of collaboration and conspiracy to warrant a raid of ADM. Whitacre’s good deed dovetails with his own major infractions, while his internal, secret struggle with bipolar disorder seems to take over his exploits.
|
|
Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders. For example, manufacturers and retailers may conspire to sell at a common "retail" price; set a common minimum sales price, where sellers agree not to discount the sales price below the agreed-to minimum price; buy the product from a supplier at a specified maximum price; adhere to a price book or list price; engage in cooperative price advertising; standardize financial credit terms offered to purchasers; use uniform trade-in allowances; limit discounts; discontinue a free service or fix the price of one component of an overall service; adhere uniformly to previously-announced prices and terms of sale; establish uniform costs and markups; impose mandatory surcharges; purposefully reduce output or sales in order to charge higher prices; or purposefully share or pool markets, territories, or customers. Price fixing is permitted in some markets but not others; where allowed, it is often known as resale price maintenance or retail price maintenance.
|
|
In March 1954, and before the June elections the government took a decision to fix the price of cocoa at £3.12 shillings in response to the Seers and Ross "Report on Finance and Physical Problems of Development in the Gold Coast" to contain looming inflation. Contrary to inaccurate historical accounts, the C.P.P. did not promise in its manifesto to raise farm gate prices in its 1954 election and in August 1954, Mr. K.A. Gbedemah as finance minister introduced the Cocoa Duty and Development funds bill in parliament based on the cabinet's decision in the March. In his presentation to parliament, Gbedemah argued that he was seeking to deal with the ‘fragility’ of the Gold Coast economy highlighted by the Seers and Ross report stemming from an over-reliance on one commodity for nearly 60 percent of export revenues. While cocoa prices were enjoying a boon on the world market in 1954, there was recognition by those who took a long-term view that this was unsustainable (as it turned out prices fell £500 per ton in 1954 to £200 in 1956) and in any case, the farmers needed to be shielded from such fluctuations through a guaranteed farm gate price.
|
|