Topic: Price fixing

Major steelmaker tried to induce cartel, Australian court finds

An Australian court has found that the country’s largest steelmaker attempted to induce nine businesses to enter into a cartel to fix the price of flat steel products.

09 December 2022

General Court upholds readopted food packaging cartel fine

The EU’s General Court has rejected a food packaging consortium’s appeal against a readopted €9.4 million fine for its subsidiary’s involvement in three cartels, ruling that the group failed to prove that its business was at risk of collapsing and unable to pay the penalty.

07 December 2022

DOJ: Cartel used violence to monopolise car shipping business

The Department of Justice has charged eight individuals with using kidnappings, beatings, shootings and threats to monopolise the market for forwarding used cars from the southern tip of Texas into Latin America.

07 December 2022

EU sends SO to banks in third bond cartel probe after settlement talks fail

The European Commission has accused Deutsche Bank and Rabobank of exchanging commercially sensitive information and coordinating the prices of several Euro-dominated bonds for 11 years after settlement negotiations broke down.

06 December 2022

Indian court orders enforcer to reissue tyre cartel decision

India’s specialist antitrust tribunal has ordered the country's competition watchdog to reduce the €208 million price-fixing fines it levied against five tyre companies, due to “inadvertent and arithmetical” calculation errors and to save the wider market.

06 December 2022

Ticketmaster violated consent order, Taylor Swift fans claim

A group of Taylor Swift fans is suing Ticketmaster for allegedly harming competition in the online ticketing sector and violating the consent order behind its merger with Live Nation.

06 December 2022

Law firms adopt “novel strategy” in Spanish milk cartel claims

Eskariam and Hausfeld have filed several grouped lawsuits on behalf of dairy farmers seeking compensation stemming from the Spanish enforcer’s long-running milk cartel probe, using a “novel strategy” to circumvent the absence of a class action regime in the country.

05 December 2022

Argentina imposes rare structural remedy on nightclub cartel

Argentina’s antitrust watchdog has issued a rare decision to break up a nightclub operator while imposing €1.4 million in fines on a cartel that fixed prices and divided a local discotheque market.

02 December 2022

CAT orders first communications ban in ro-ro class action

The UK’s Competition Appeal Tribunal has banned direct communications between defendants and class members in a roll-on, roll-off collective claim upon finding it was “not proper conduct” for Baker Botts and Steptoe & Johnson to write letters urging businesses to withdraw from the lawsuit.

29 November 2022

Australia issues longest criminal sentence for cartel conduct

An Australian court has sentenced a former manager at an active pharmaceutical ingredient producer to almost three years in jail for his role in a criminal cartel, although he will not actually see the inside of a cell.

29 November 2022

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