Topic: Price fixing

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

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

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

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

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

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

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

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

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’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