Topic: Price fixing

Hong Kong tribunal approves settlement in tourism cartel case

Hong Kong’s Competition Tribunal has approved a settlement agreement resolving claims brought by the territory’s antitrust watchdog against a hotel and travel service provider for fixing the price of tickets for tourist attractions.

18 July 2022

KFTC fines pair of bid rigging cartels €52.5 million

Korea’s Fair Trade Commission has fined two separate cartels nearly €52.5 million for conspiring to rig bids in the country’s credit card and rail carriage supply markets.

15 July 2022

Portugal sanctions security companies for 11-year bid-rigging cartel

Portugal’s antitrust watchdog has fined seven securities companies €41.3 million for rigging tenders to provide hospitals, universities and public authorities with surveillance and security services.

14 July 2022

CMA probes broadcasters over wage-fixing concerns

The UK’s Competition and Markets Authority has reportedly opened a wage-fixing cartel probe into four sports broadcasters – including Sky, BT and ITV – for potentially fixing the rates offered to freelance workers.

13 July 2022

Broiler chicken acquittals are “embarrassment” for DOJ, lawyers say

The acquittals of five poultry executives for purported price-fixing have raised questions about the Department of Justice’s decision to continue prosecuting the case despite two prior hung juries.

11 July 2022

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

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