Topic: Price fixing

Cement company exec must face criminal charges

A concrete contractor has lost his bid to have criminal charges against him thrown out after a federal court in Georgia found he had failed to demonstrate the Department of Justice engaged in any misconduct or that his statements were ambiguous.

27 July 2023

Nigerian enforcer orders banking association to abort price increases

A banking association has allegedly ignored a warning from Nigeria’s antitrust watchdog for its members not to collectively raise prices, leading the enforcer to issue a cease and desist order and threaten imprisonment.

25 July 2023

Luxottica accused of running eyeglass cartel

EssilorLuxottica orchestrates an industry-wide price-fixing conspiracy for eyeglasses through its exclusive contracts to sell and set prices for rival’s products, a putative class action has alleged.

25 July 2023

Roofing-cartel victim drops follow-on damages claim against suppliers

A roofing supply broker has withdrawn its follow-on damages claim against two of the UK’s largest suppliers of rolled lead, whose two-year price-fixing and market-sharing cartel forced it into bankruptcy in 2017.

24 July 2023

Italy raids major fuel companies over biofuel price-fixing concerns

Seven major oil companies face an antitrust probe in Italy after the country’s competition agency raided the businesses over allegations they agreed to fix the price of biofuels for over three years.

20 July 2023

Meat processors oppose Sysco’s request to cede chicken claims

A group of slaughterhouses are challenging Sysco’s request to hand over its price-fixing claims to litigation financier Burford Capital, arguing that the switch will further complicate the lawsuit and may be invalid.

17 July 2023

ECJ confirms EU capacitors cartel fines

Capacitor makers Nichicon and Nippon Chemi-Con have lost their appeals against a combined €170.8 million cartel fine issued by the European Commission.

13 July 2023

Spain fines business analytics cartel €3.5 million

Spain’s antitrust watchdog has sanctioned a business analytics provider for agreeing not to target a rival’s customers and fix prices in a cartel agreement that lasted almost 20 years.

11 July 2023

Chinese auto group retracts pricing pledge over antitrust worries

A major Chinese automotive trade group has walked back on a pledge signed by 16 electric vehicle makers to avoid “abnormal pricing” after recognising the commitment violated the spirit of the country’s Anti-Monopoly Law.

11 July 2023

Real estate companies seek to escape rent-fixing lawsuit

Rental software company RealPage and 40-plus real estate businesses are seeking the dismissal of allegations they conspired to raise prices, arguing the plaintiffs have failed to provide evidence of any agreement between the defendants.

11 July 2023

Unlock unlimited access to all Global Competition Review content