Topic: Price fixing

Mexico issues reduced fines to bonds cartel

Mexico’s antitrust watchdog has reverted to the country’s previous maximum cartel fine cap in sanctioning seven global banks and 11 traders for conspiring to fix bond prices.

26 January 2021

Singapore’s appeal board slashes record fines

Singapore’s Competition Appeal Board has reduced record fines levied against several chicken producers after finding that the country’s competition watchdog failed to prove that they agreed to share the market.

21 January 2021

Panasonic settles class action claim in Canada for $6.3 million

Panasonic has become the final company to settle a class-action lawsuit in Canada that accused eight electronics companies of conspiring to fix the price of lithium-ion battery cells.

20 January 2021

Germany lifts lid on manhole cover cartel

Germany's Federal Cartel Office has fined the country's two leading manufacturers of manhole covers a total of €6 million for fixing prices and allocating customers.

14 January 2021

Spain shuts down multiple solid fuel cartels

Spain’s competition authority has fined six companies and five executives a total of €3.7 million for operating three separate cartels in the solid fuels sector.

14 January 2021

Romania sanctions agricultural machinery cartel

Romania’s antitrust authority has fined a pair of machinery producers and seven distributors a combined €26.5 million for fixing prices of agricultural equipment sold to EU-funded projects.

13 January 2021

Court denies DOJ’s bid to block acquitted FX trader from using certain evidence

A New York federal judge has denied the Department of Justice’s request to block former Citigroup trader Rohan Ramchandani from using admitted trial exhibits in civil proceedings before another government agency.

11 January 2021

Hungary fines recruitment association for price-fixing and no-poach agreements

The Hungarian Competition Authority has fined a recruitment association €2.8 million for imposing rules on its members that set minimum prices for their services and prevented them from recruiting each other's employees.

07 January 2021

Cement company receives deferred prosecution deal for DOJ cooperation

The Department of Justice’s antitrust division has agreed to defer prosecution of Argos USA after the company admitted to its role in a conspiracy to fix prices for ready-mix concrete.

05 January 2021

Portugal imposes highest ever fines

The Portuguese Competition Authority has issued its first hub-and-spoke cartel decisions, fining six food retailers and two beverage suppliers a total of €303.7 million for participating in two separate cartels.

04 January 2021

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