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[26] [27] The Federal Court in Melbourne ordered a $5.5 million penalty against Japan Airlines International Co Ltd (JAL) for breaching the price fixing provisions of the Trade Practices Act 1974*. JAL admitted to making and giving effect to illegal price fixing understandings with other international airlines that each of them would impose a ...
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
The suit was filed because of price fixing and other allegedly anti-competitive trade practices in the credit card industry. In February 2019, U.S. District Court Judge Margo K. Brodie approved a settlement in the case that amounted to $5.54 billion. [1]
Oct. 9—A class-action lawsuit filed in Illinois this week against 40 private colleges and universities, including Dartmouth College, and the College Board alleges a price-fixing strategy that ...
The Federal Trade Commission alleges CVS Health’s Caremark Rx, Cigna’s Express Scripts and United Health Group’s OptumRx created a system that prioritizes high rebates from drug ...
The association has faced several recent allegations of price-fixing and antitrust violations, according to prior Idaho Statesman reporting.In October, a federal jury in Kansas City ordered the ...
It is alleged that the price of 500 doxycycline tablets rose in the US from $20 to $1,849 in just seven months. [ 3 ] On October 31, 2024, Heritage Pharmaceuticals and Apotex agreed to pay $49.1 million to resolve allegations of price-fixing in collusion to artificially raise drug prices as charged by a coalition of 50 state attorneys general .
An international group of vitamin manufacturers that allegedly carried a price-fixing conspiracy over the course of 12 years has agreed to pay over $25 million to settle a class action lawsuit by ...