Work Area: Cartels

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

DOJ “properly defined” hub-and-spoke no-poach market, court rules

The Antitrust Division did not violate the defence rights of six individuals it has charged with orchestrating a conspiracy through Pratt & Whitney not to hire each other’s aerospace engineers, a federal court has ruled.

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

Swiss enforcer targets banking sector in first labour markets probe

Switzerland’s Competition Commission is investigating if 34 banks violated the country’s cartel rules by exchanging information related to employee salaries, marking its first-ever foray into labour markets.

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

Consumer association and claims foundation left empty-handed as cartel damages claims ruled inadmissible by Dutch district court

Featured in Class actions hub

Judges have backed Philips’ argument that claims by a consumer association and claims foundation following the EU cathode-ray cartel decision lack standing, holding that declaratory judgments would provide no additional value.

02 December 2022

DOJ secures plea deal from Kentucky farmland bid-riggers

Two real estate professionals have pleaded guilty for their roles in a conspiracy to rig bids for farmland and timber real estate in Kentucky, hours before the charges were set to go to trial.

01 December 2022

Austria’s top court follows ECJ ruling to dismiss double jeopardy concerns in sugar cartel

Austria's Supreme Court has applied a European Court of Justice preliminary ruling on double jeopardy to find that Südzucker should face fines for a cartel agreement despite already being punished for the conduct in Germany.

30 November 2022

Belgium targets DPG Media in rare bid-rigging case

The Belgian Competition Authority has raided DPG Media and a press distributor over suspicions that they colluded to rig a government tender for the nationwide delivery of newspapers and magazines.

30 November 2022

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