Topic: Price fixing

$5.6 billion Visa, Mastercard settlement survives

An appellate court has upheld the approval of a $5.6 billion settlement resolving a class-action lawsuit in which 12 million businesses alleged Visa and Mastercard fixed payment processing fees.

17 March 2023

Nexstar is illegally connected to divested TV stations, DirecTV says

Nexstar Media Group is illegally maintaining financial control over two of the “Big Four” television broadcast stations in parts of the country to fix retransmission fees paid by providers, DirecTV has said.

17 March 2023

Korea fines vinyl film cartel

Korea’s competition watchdog has sanctioned 11 vinyl film producers for colluding to fix the price of plastic sheeting used in greenhouses by farmers and agricultural businesses.

16 March 2023

Burford wins injunction to halt Sysco antitrust settlements

A split tribunal at the London Court of International Arbitration has granted Burford Capital a preliminary injunction to prevent client Sysco from settling several of its price-fixing claims against US meat suppliers, with a preliminary finding that the funder was granted a “prior consent right” over settlements.

15 March 2023

Crabbers accuse Pacific Seafood of illegal monopsonisation

The largest US seafood processor unlawfully gained control of the market for purchasing Dungeness crab in the Pacific Northwest through mergers, exclusive dealing and anticompetitive dumping, a class of independent crab catchers has said.

15 March 2023

Eleventh Circuit rejects Venezuelan president’s bid to intervene in antitrust suit

Venezuela's state-owned oil company cannot advance price-fixing claims in US court because the State Department does not recognise the country’s current government, a federal appellate court has ruled.

15 March 2023

Ivy League athletes deprived of competition, suit alleges

The Ivy League and its eight member universities engaged in a horizontal price-fixing scheme by agreeing not to award athletic scholarships, a pair of college basketball players have argued.

09 March 2023

Cross-border coordination drives fragrance cartel raids

Competition authorities in the EU, UK, US and Switzerland have heeded calls to better align cartel enforcement efforts by coordinating dawn raids on four fragrance manufacturers and a global industry association.

08 March 2023

Judge again thwarts class certification against Takeda, Teva and others

Value Drug has once again failed to provide evidence that certifying a class of purchasers of wholesale gout medication is warranted, a Pennsylvania federal judge has said.

02 March 2023

Portugal settles with local power cable cartel

The Portuguese Competition Authority has fined three power cable manufacturers over €2 million for rigging bids for the supply of extra-high-voltage cords.

01 March 2023

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