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Regulators found that the companies rigged bids for contracts and fixed prices in the market for gas-insulated switchgear – equipment is used to control the flow of energy in electricity grids. Siemens' fine was the biggest of the companies involved because it was a ringleader, the Commission said.
Collusion often takes place within an oligopoly market structure, where there are few firms and agreements that have significant impacts on the entire market or industry. To differentiate from a cartel , collusive agreements between parties may not be explicit; however, the implications of cartels and collusion are the same.
Congressional Democrats are investigating whether leading US oil companies have illegally colluded with each other and with OPEC to inflate prices at the pump, CNN has learned.
(Reuters) -The Republican majority in a U.S. congressional committee published a report on Tuesday accusing Wall Street firms of colluding with advocacy groups to force companies to shrink their ...
High-Tech Employee Antitrust Litigation is a 2010 United States Department of Justice (DOJ) antitrust action and a 2013 civil class action against several Silicon Valley companies for alleged "no cold call" agreements which restrained the recruitment of high-tech employees.
In the Missouri case, the federal court awarded $1.8 billion in damages, which could be tripled to more than $5.3 billion, according to Reuters, if the realtors are found to have breached U.S ...
The General Motors streetcar conspiracy refers to the convictions of General Motors (GM) and related companies that were involved in the monopolizing of the sale of buses and supplies to National City Lines (NCL) and subsidiaries, as well as to the allegations that the defendants conspired to own or control transit systems, in violation of Section 1 of the Sherman Antitrust Act.
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