Topic: Price fixing

Drugmakers and PBMs drive up insulin prices, California says

California has accused Eli Lilly, Sanofi and Novo Nordisk of individually conspiring with major pharmacy benefit managers and abusing their market power to drive up the price of insulin.

17 January 2023

Norwegian government signals supermarket price-fixing concerns

Norway’s trade minister reportedly wants the country’s competition watchdog to check whether supermarket chains have colluded to raise prices by announcing planned hikes through local media.

13 January 2023

ECJ sides with General Court in dismissing HSBC’s Euribor appeal

The EU’s General Court was right to largely reject HSBC’s appeal against the substance of the European Commission’s Euro Interbank Offered Rate cartel decision, although it failed to properly assess the company's presumption of innocence claims, the bloc’s highest court has ruled.

12 January 2023

Poland hits Kärcher with €5.5 million RPM fine

Poland’s competition enforcer has fined a cleaning equipment manufacturer €5.5 million for imposing minimum resale prices on its distributors, in a decision that the leniency applicant is likely to challenge even though it secured a substantial discount on the penalty.

11 January 2023

Cartel victim seeks damages from UK roofing suppliers

A roofing supply broker is hoping to receive about £1 million in compensation from two of the UK’s largest rolled lead roofing suppliers, whose two-year price-fixing and market-sharing conspiracy allegedly forced it into bankruptcy in 2017.

09 January 2023

The California gasoline conspiracy: procedural background

Featured in Class actions hub

The first in a five-part series on Persian Gulf and Richard Bartlett introduces the key players in a decision that provides an economic framework for evaluating possible anticompetitive conduct.

06 January 2023

Top California enforcer retires

Kathleen Foote has stepped down as California’s antitrust chief after 35 years of helping cement the Golden State as a major enforcer, both alongside and independent of the federal government.

04 January 2023

Italy ignites Christmas plane ticket cartel probe

Italy’s Competition Authority is investigating if Ryanair, ITA Airways, easyJet and Wizz Air colluded to raise the prices of domestic flights to and from Sicily by at least 700% during the Christmas holidays.

03 January 2023

Turkey hits Coca-Cola, Haribo with hub-and-spoke fines

Turkey’s Competition Authority has fined 13 major food and beverage companies over €44 million for both a hub-and-spoke cartel and resale price maintenance, while five supermarket chains escaped penalties under double jeopardy rules.

03 January 2023

CAT failed gatekeeping duty in ro-ro class action certification, appellate court rules

A UK appellate court has rejected requests from four vehicle shipping companies to overturn a ruling certifying a roll-on, roll-off class action claim but ordered the Competition Appeal Tribunal to reassess the proposed methodologies for calculating pass-on.

21 December 2022

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