Topic: Price fixing

Credit Suisse to face trial in forex litigation

A federal New York judge has said there is sufficient evidence for claims to head to trial over Credit Suisse’s alleged involvement in a single overarching conspiracy to fix foreign currency exchange rates, but that a reasonable jury may still find the defendant not guilty.

03 February 2022

Scania loses appeal against €880 million trucks cartel fine

The EU’s General Court has upheld the €880.5 million fine that the European Commission imposed on the only non-settling defendant in the EU trucks cartel, ruling that the hybrid settlement procedure did not interfere with Scania’s presumption of innocence.

02 February 2022

Chip cartelists escape €480 million follow-on claim on limitation grounds

Gemalto had sufficient reason to believe it may have been the victim of the smart card chip cartel by the time the European Commission issued its statement of objections, a UK court has ruled while dismissing the company’s follow-on claim as time-barred.

28 January 2022

Chilean tribunal fines aerial firefighting cartel

Chile’s competition tribunal has fined two forest firefighting companies over €5.7 million for forming a cartel that rigged bids and fixed the price of aircrafts used to combat forest fires.

28 January 2022

Canada approves second settlement in linear resistors cartel class action

A Canadian court has approved another settlement deal in the linear resistors cartel class actions, marking the second settlement related to three separate class actions accusing resistor manufacturers of participating in a 12-year global price-fixing scheme.

27 January 2022

Pakistan probes suspected collusion over treasury bills

The Competition Commission of Pakistan has launched a full investigation into suspected collusion among banks in recent treasury bill auctions conducted by the government.

26 January 2022

FCO rejects raw milk agreement but leaves door open to sustainability arguments

Germany’s Federal Cartel Office has said that a proposed agreement between raw milk producers to raise prices is anticompetitive but indicated that it would consider sustainability objectives to approve the proposal.

25 January 2022

India fines roll-on, roll-off cartel after seven-year probe

The Competition Commission of India has fined three Japanese car shipping companies and 19 individuals more than €7.5 million for conspiring to fix freight rates on multiple routes, becoming the latest agency to penalise the expansive roll-on, roll-off cartel.

25 January 2022

Germany raids power cable manufacturers

Germany’s competition enforcer has raided multiple power cable manufacturers over suspected price-fixing, including several companies that the European Commission has already penalised for cartel conduct.

21 January 2022

Hong Kong enforcer seeks hybrid settlement in ticketing cartel probe

Hong Kong’s Competition Commission has settled cartel claims against a hotel and travel service provider for fixing the price of tickets sold for tourist attractions, although it is seeking sanctions against two other hotels that are challenging the allegations.

20 January 2022

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