Latest Price fixing Stories

Apple, Two Publishers Resisting E-Book Price Settlement
2012-04-06 04:53:17

Apple and a pair of publishers, Pearson and Macmillan, are apparently reluctant to agree to the terms American and European antitrust authorities are pursuing as part of an e-book price-fixing investigation, Reuters and the Wall Street Journal have reported. According to WSJ writers Thomas Catan and Jeffrey A. Trachtenberg, the situation was "fluid" as of Thursday morning, and could change as the US Department of Justice inches closer towards filing an antitrust lawsuit in the case. They...

2012-03-14 16:03:12

Taiwanese LCD maker AU Optronics Corp has announced that it will appeal the guilty verdict handed down by a U.S. court in a multi-billion dollar price-fixing suit over liquid crystal display panels. AU is the world´s fourth-largest manufacturer of TFT- LCD maker, supplying panels for multinational electronics makers like Acer, Apple, Dell, LG and Samsung. The company was just one of a number of defendants in a trial that saw charges brought against several Asian LCD designers for...

Regulators Bring Price-Fixing Suit Against Apple And E-Book Publishers
2012-03-08 13:47:10

The U.S. Justice Department has reportedly accused Apple and five large American publishers of colluding to raise the price of e-books. According to a Thursday article in the Wall Street Journal, the Justice Department will file an anti-trust lawsuit against the publishing companies, though insiders say a settlement will likely be reached before the case is taken to court. The Journal cited several sources close the matter as saying that the involved parties are already in negotiations...

2011-03-19 06:25:00

On Friday, the U.S. Justice Department fined Korean-based Samsung SDI a total of $32 million for its involvement in an Asian price fixing ring for a key computer monitor component. The AFP news agency reports that Samsung SDI agreed to plead guilty to one felony charge in the case, which involved a pact to cut production, fix prices and divvy up market share for color display tubes (CDTs). "Samsung SDI and co-conspirators exchanged CDT sales, production, market share and pricing information...

2011-02-28 10:01:00

JOHANNESBURG, Feb. 28, 2011 /PRNewswire/ -- The Competition Tribunal ("the Tribunal") today announced that, in terms of a consent order granted on 24 February 2011, it has confirmed the settlement agreement ("the Settlement Agreement") reached between the Competition Commission ("the Commission") and Sasol Polymers, a division of Sasol Chemical Industries Limited. The Settlement Agreement related to Sasol Polymers' existing propylene supply contract with Safripol ("the Supply Agreement")....

2011-02-24 12:07:00

CHARLOTTE, N.C., Feb. 24, 2011 /PRNewswire/ -- Horizon Lines, Inc. (NYSE: HRZ) today confirmed that it has entered into a plea agreement with the Antitrust Division of the U.S. Department of Justice (DOJ). Under the agreement, which is subject to court approval, Horizon Lines will plead guilty to a charge of violating federal antitrust laws solely with respect to the Puerto Rico tradelane and pay a fine of $45 million over five years without interest. With the resolution of the DOJ...

2010-12-14 09:59:00

JOHANNESBURG, South Africa, Dec. 14, 2010 /PRNewswire/ -- As previously disclosed by Sasol Limited as part of its ongoing disclosures, the South African Competition Commission has been investigating the South African polymers industry. Sasol Polymers, a division of Sasol Chemical Industries Limited ("Sasol Polymers"), has now concluded a settlement agreement with the Competition Commission ("the Commission") in relation to its existing propylene supply agreement ("the Supply Agreement")...

2010-07-28 12:47:00

WASHINGTON, July 28 /PRNewswire-USNewswire/ -- A former executive from Chi Mei Optoelectronics Corporation (Chi Mei) has agreed to plead guilty and to serve jail in the United States for participating in a global conspiracy to fix the price of thin-film transistor-liquid crystal display (TFT-LCD) panels, the Department of Justice announced today. According to a one-count felony charge filed in U.S. District Court in San Francisco, Wen-Hung "Amigo" Huang conspired with others to suppress...

Word of the Day
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.