Topic: Price fixing

DOJ supports plaintiffs alleging university financial aid cartel

The Department of Justice has sided with student plaintiffs in a class action alleging that a group of elite universities conspired to reduce the amount of financial aid they provide, arguing that the agreement “eliminates an important dimension of price competition among schools”.

11 July 2022

EU sends ethanol producers SO in hybrid settlement case

The European Commission has accused Agroetanol and Alcogroup of colluding to rig ethanol benchmark rates to inflate the price of biofuels across Europe, months after a third company confessed to its role in the same cartel.

07 July 2022

SAMR bulldozes concrete cartel run through unregistered trade association

China’s antitrust watchdog has fined seven companies more than €2.3 million for fixing the price of commercial concrete, restricting supply and allocating the market in the Fujian province through an unregistered trade association for nearly three years.

07 July 2022

French enforcer sends SO to four electrical equipment makers

France’s Competition Authority has sent statements of objections to four electrical equipment manufacturers alleging that they fixed resale prices, three years after an investigative journal revealed the alleged conduct.

06 July 2022

Finnish Supreme Court upholds insulation cartel fines

Finland’s Supreme Administrative Court has upheld the national competition enforcer’s decision to fine two insulation manufacturers for colluding to fix the prices of expanded polystyrene insulation used in buildings.

05 July 2022

Portugal punishes healthcare cartel with €190 million penalty

The Portuguese Competition Authority has fined five hospitals and their business association €190 million for colluding to fix the prices and certain commercial conditions of public healthcare services for five years.

04 July 2022

CMA secures settlement agreements in construction bid-rigging cartel

The UK’s Competition and Markets Authority has accused 10 construction companies of rigging bids for asbestos removal contracts worth over £150 million, having already agreed settlements with eight of the conspirators.

24 June 2022

Supermarkets hit with eighth hub-and-spoke infringement decision in Portugal

The Portuguese Competition Authority has fined three supermarket chains, a cosmetics manufacturer and one of its managers a total of €19.4 million in its latest hub-and-spoke decision involving the grocery sector, as Auchan continues to deny its role in the cartels.

21 June 2022

Hong Kong enforcer moves to punish suspected air conditioning cartel

Hong Kong’s competition watchdog has accused two engineering companies and three individuals of colluding to fix prices and rig bids for air conditioning work, potentially impacting sales with an overall value of €243 million.

17 June 2022

Taiwan’s Supreme Court reinstates cartel fines against power companies

Taiwan’s top court has reinstated a 2013 decision to fine nine power companies more than €190 million for fixing electricity prices, holding that a lower court erred in cancelling those penalties.

17 June 2022

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