Topic: Bid rigging

Ex-JPMorgan trader receives eight-month sentence

Former JPMorgan Chase trader Akshay Aiyer has been sentenced to eight months in federal prison following his conviction on one count of conspiring to fix prices and rig bids for certain currencies.

18 September 2020

EU advocate general offers conservative view on bid-rigging time limits

A cartel formed to rig responses to a specific tender ends on the date that the winning bidder and the tendering company sign a contract, EU advocate general Giovanni Pitruzzella has said.

10 September 2020

Malaysia highlights pervasive competition concerns in service sector

Malaysia’s competition watchdog has heard feedback that competition issues – collusion, price fixing, bundling, exclusive distribution and more – exist in the country’s service sector.

27 August 2020

Owing to coronavirus, CCI adopts “lenient” approach in admitted cartel cases

Competition authorities around the world have adopted measures to help businesses collaborate throughout the covid-19 pandemic, although they have warned against taking advantage of the health crisis. Khaitan & Co partner Sagardeep Rathi and senior associate Radhika Seth examine two recent decisions by the Competition Commission of India not to issue fines in admitted cartel cases, and what that means for cartel deterrence.

06 August 2020

Taro admits collusion to end DOJ probe

Taro Pharmaceuticals has entered into a deferred prosecution agreement with the Antitrust Division, but it is costing the generic drugmaker $419 million and an admission that its price-fixing conspiracy impacted more than $500 million worth of commerce.

24 July 2020

Four execs indicted in DOJ’s chicken industry probe

A federal grand jury has indicted four executives on one count of conspiring to fix prices and rig bids for chicken products.

04 June 2020

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