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Latest Price fixing Stories

2010-06-30 12:48:00

SAN FRANCISCO, June 30 /PRNewswire/ -- Consumers won a victory in their fight against a group of technology companies including Sony (NYSE: SNE), Hitachi (NYSE: HIT) and Philips (NYSE: PHG), who are accused of fixing prices of optical disc drives (ODD) common in computers, DVD and Blu-Ray players among other devices. (Logo: http://photos.prnewswire.com/prnh/20080317/AQM144LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20080317/AQM144LOGO) In a ruling on June 24, Judge Walker...

2010-06-29 13:55:00

Fines Obtained in LCD Investigation Total More Than $890 Million WASHINGTON, June 29 /PRNewswire-USNewswire/ -- A Taiwan thin-film transistor-liquid crystal display (TFT-LCD) panel producer and seller has agreed to plead guilty and to pay a $30 million criminal fine for its role in a global conspiracy to fix the prices of TFT-LCD panels, the Department of Justice announced today. According to a one-count felony charge filed today in U.S. District Court in San Francisco, HannStar Display...

2010-06-21 13:09:00

NEW YORK, June 21 /PRNewswire/ -- Zwerling, Schachter & Zwerling, LLP ("Zwerling Schachter") and its South Korean co-counsel, We The People Law Group, announce that they have filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all those who purchased or otherwise acquired the securities of LG Display Co., Ltd. (f/k/a LG Philips LCD Co., Ltd.) ("LG," "LG Display" or the "Company") on the Korea Stock Exchange ("KSE") during...

2010-06-10 13:46:00

Fines in LCD Investigation Total More Than $860 Million WASHINGTON, June 10 /PRNewswire-USNewswire/ -- A federal grand jury in San Francisco returned a superseding indictment against the largest Taiwanese thin-film transistor-liquid crystal display panels (TFT-LCD) producer and seller, its Houston-based American subsidiary, and six of its executives for participating in a conspiracy to fix prices of TFT-LCD panels, the Department of Justice announced today. The indictment, returned last...

2010-06-03 08:21:00

WHITE PLAINS, N.Y., June 3 /PRNewswire/ -- A federal antitrust complaint was filed against nine firms including Dow Jones & Co., The New York Times, CNBC, CNN, MSNBC and others, for engaging in unlawful per se horizontal market division, customer allocation, and price fixing agreements with competitors in the market for bank rate websites throughout the United States. The complaint filed by BanxCorp in the U.S. District Court for the District of New Jersey, accuses the firms of...

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2010-05-20 06:45:00

Samsung, Infineon and Toshiba are at the top of the list of the world's biggest memory chip makers being fined a total of 403 million US dollars by the European Commission on Wednesday for operating an illegal union, or cartel. In all, ten companies were included in the fine. However, South Korea's Samsung Electronics, the world's top memory chip producer, received a staggering fine totaling nearly 180 million US dollars, for its part in the cartel which shared confidential info and...

2010-03-30 18:23:00

Global Price-Fixing Scheme Involves Tubes Used in Computer Monitors WASHINGTON, March 30 /PRNewswire-USNewswire/ -- A federal grand jury in San Francisco today returned an indictment against a former executive of a large Taiwan-based color display tube (CDT) manufacturing company for his participation in a global conspiracy to fix prices of CDTs, a type of cathode ray tube used in computer monitors and other specialized applications, the Department of Justice announced. The indictment,...

2009-12-09 16:15:00

Fines Obtained In LCD Investigation Total More Than $860 Million WASHINGTON, Dec. 9 /PRNewswire-USNewswire/ -- A Thin-Film Transistor-Liquid Crystal Display (TFT-LCD) producer and seller has agreed to plead guilty and pay $220 million in criminal fines for its role in a conspiracy to fix prices in the sale of liquid crystal display panels, the Department of Justice announced today. According to a one-count felony charge filed today in U.S. District Court in San Francisco, Chi Mei...

2009-09-23 14:26:00

LOS ANGELES, Sept. 23 /PRNewswire/ -- Hagens Berman Sobol Shapiro filed a nationwide class-action lawsuit against Guitar Center and the National Association of Music Merchants (NAMM) claiming the two conspired to fix retail pricing on fretted instruments including guitars, allowing national music-retail heavyweight Guitar Center to secure higher profits and stamp out competition at the expense of consumers. (Logo: http://www.newscom.com/cgi-bin/prnh/20080317/AQM144LOGO) The suit, filed...

2009-09-08 13:00:00

SAN FRANCISCO, Sept. 8 /PRNewswire-USNewswire/ -- The Open Book Alliance today filed a brief with the United States District Court for the Southern District of New York countering the proposed settlement between Google, the Association of American Publishers (AAP), and the Authors' Guild. The brief was written by noted antitrust attorney Gary Reback, who is co-founder of the Open Book Alliance. The brief said: "Google and the plaintiff publishers secretly negotiated for 29 months to...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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