Topic: Price fixing

Real estate investor enters second guilty plea

A real estate investor has pleaded guilty for a second time for conspiring to rig bids at foreclosure auctions in Northern California ahead of his trial later this month.

09 August 2021

Germany punishes musical instrument makers and retailers

Germany’s Federal Cartel Office has fined five musical instrument companies a total of €21 million for vertical and horizontal price fixing, becoming the latest European enforcer to punish such behaviour.

05 August 2021

Hong Kong judge scraps all economic evidence in Shell trial

A Hong Kong judge has scrapped all three economic expert reports and blocked a trio of economists from testifying after lawyers for Shell and a rival fuel provider argued that the evidence has no relevance to claims they colluded to fix industrial diesel prices.

03 August 2021

Austria fines backpack maker for RPM and online sales ban

Austria’s Cartel Court has imposed a fine on a school bag manufacturer for vertical price-fixing policies lasting over seven years as well as restricting its dealers from making online sales.

03 August 2021

Portugal issues private health sector with SO over collective bargaining

The Portuguese Competition Authority has accused five hospitals and their business association of coordinating negotiation strategies to fix prices of services offered to public agencies, but lawyers have warned the case could mean “the end of collective bargaining” for professional organisations.

30 July 2021

Last remaining banks settle Canadian forex cartel claims

The four remaining non-settling bank defendants in Canada’s Forex cartel class action have agreed to pay roughly €16.1 million to settle claims that they conspired to manipulate foreign exchange rates.

30 July 2021

Pricing anomalies demonstrate Shell collusion, Hong Kong court hears

Counsel to an aluminium manufacturer accusing Shell and a rival fuel provider of colluding to fix diesel prices argued that several pricing anomalies are evidence that an illegal agreement was in place.

29 July 2021

Shell accuser admits uncertainties around collusion allegations

The only witness for an aluminium manufacturer accusing Shell and a rival fuel provider of colluding to fix fuel prices said she does not know whether collusion took place and accepted the possibility that pricing decisions were made independently.

28 July 2021

Hong Kong cartel claims lack evidence, Shell and Sinopec dealer argue

Shell and a rival fuel provider have urged a Hong Kong court to throw out an aluminium manufacturer’s collusion claim because the company is unable to rebut the argument that pricing similarities were the result of independent but parallel conduct.

27 July 2021

Korea fines 24 concrete producers for price-fixing

Korea’s Federal Trade Commission has fined 24 concrete pile manufacturers a combined €74.9 million for colluding to fix concrete prices for construction projects.

26 July 2021

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