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Latest competition law Stories

2009-01-22 11:23:00

Companies Agree to Pay More Than $124 Million in Criminal Fines WASHINGTON, Jan. 22 /PRNewswire-USNewswire/ -- Three air cargo carriers, LAN Cargo S.A. (LAN Cargo), Aerolinhas Brasileiras S.A. (ABSA), and EL AL Israel Airlines Ltd. (EL AL), have each agreed to plead guilty and pay criminal fines totaling $124.7 million for their roles in a conspiracy to fix prices in the air cargo industry, the Department of Justice announced today. Under the plea agreements, LAN Cargo, a Chilean company,...

2009-01-19 14:27:22

Tying Internet Explorer to Microsoft's Windows operating platform gives the program an unfair advantage in the marketplace, the European Commission found. In a preliminary ruling, the commission said tying the two products together makes Internet Explorer available on 90 percent of the world's personal computers, Zdnet reported Monday. Internet Explorer is so prevalent it creates an incentive for Web site designers and software developers to create products compatible with it, further...

2009-01-15 16:24:00

WASHINGTON, Jan. 15 /PRNewswire-USNewswire/ -- Executives from LG Display Co. Ltd. and Chunghwa Picture Tubes Ltd. have agreed to plead guilty and serve jail time in the United States for participating in a global conspiracy to fix prices in the sale of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels, the U.S. Department of Justice announced today. According to a one-count felony charge filed today in U.S. District Court in San Francisco, Chang Suk "C.S." Chung, a Korean LG...

2008-12-11 12:52:00

WASHINGTON, Dec. 11 /PRNewswire-USNewswire/ -- A former South Carolina school district official was sentenced to serve two years in jail and to pay $468,496 in restitution for using the mail to submit fraudulent applications for E-Rate funding on behalf of Bamberg County School District One in Bamberg, S.C., the Department of Justice announced today. Cynthia K. Ayer, the school district's former technology director, pleaded guilty on April 30, 2008, to committing mail fraud by submitting...

2008-12-10 13:30:00

SACRAMENTO, Calif., Dec. 10 /PRNewswire-USNewswire/ -- A New Jersey processed tomato products broker has been charged with participating in conspiracies involving racketeering, price fixing, bid rigging and contract allocation, and with money laundering, in the processed tomato products industry, U.S. Attorney for the Eastern District of California, McGregor W. Scott, and Acting Assistant Attorney General for the Department's Antitrust Division, Deborah A. Garza, announced today. Randall Lee...

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2008-11-13 09:05:00

Three Asian electronics companies have agreed to pay $585 million in fines for intentionally driving up the prices of LCD screens. In a plea deal reached on Wednesday, LG Display Co. Ltd., Sharp Corp., and Chunghwa Picture Tubes Ltd. agreed to cooperate in a U.S. Justice Department antitrust investigation. Liquid crystal displays, or LCD's, are used in many laptop computers, cell phones, and TVs. Scott D. Hammond, Deputy Assistant Attorney General, said the scheme cost consumers, and...

2008-09-11 09:05:00

By Miguel Helft and Stephanie Clifford Is the U.S. Justice Department preparing to challenge a high- profile advertising partnership between Google and Yahoo? That was the question being debated from Washington to Silicon Valley this week after the Justice Department, which has been reviewing the partnership for several weeks, hired Sanford Litvack, a veteran antitrust lawyer, to help assess the evidence gathered by its lawyers. The hiring of an outside lawyer like Litvack is rare and...

2008-08-20 09:01:07

By Marilyn Geewax Cox News Service WASHINGTON -- As summer winds down, Congress is lining up its autumn hearings. But airline mergers, the subject of four hearings this spring, are not among the hot-button issues scheduled for attention. With no more congressional reviews planned, conventional wisdom now holds that the proposed merger of Delta Air Lines and Northwest Airlines will be completed this year without any major new political objections. Further hearings are unnecessary because...

2008-08-14 21:00:22

MOSCOW. Aug 14 (Interfax) - The Russian Federal Antimonopoly Service (FAS) will order the Mechel (RTS: MTLR) coal and steel group to lower its coking coal process substantially, FAS chief Igor Artemiyev told reporters. But given the extent of the company's cooperation with the investigation, the fine for breach of competition law will be "below average," Artemiyev said. The FAS said earlier today that it had found Mechel guilty of breaking competition law and that the company could be...

2008-08-14 21:00:22

MOSCOW. Aug 14 (Interfax) - The Russian Federal Antimonopoly Service has found the Mechel (RTS: MTLR) coal and steel group guilty of breaking competition law, the regulator said in a statement. The FAS said it would take the fact Mechel had acknowledged wrongdoing, had cooperated with the investigation and had acted to rectify its violations into account when assessing the fine to be imposed. (c) 2008 Daily News Bulletin; Moscow - English. Provided by ProQuest LLC. All rights Reserved.


Word of the Day
callithump
  • A somewhat riotous parade, accompanied with the blowing of tin horns, and other discordant noises; also, a burlesque serenade; a charivari.
'Callithump' is a back-formation of 'callithumpian,' a 'fanciful formation' according to the Oxford English Dictionary. However, the English Dialect Dictionary, says 'Gallithumpians' is a Dorset and Devon word from the 1790s that refers to 'a society of radical social reformers' or 'noisy disturbers of elections and meetings.'
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