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Page 7 of 9

EC Pulls The Plug On LCD Manufacturers’ Price Fixing Conspiracy

Posted  12/22/10
The European Commission has fined five manufacturers of liquid crystal display (“LCD”) panels a total of 649 million euros (approximately US$ 860 million) for participating in a price-fixing conspiracy between October 2001 and February 2006. LCD panels are the main component of the flat screens used in televisions, laptop computers and desktop computer monitors. In a press release, the Commission stated that...

Tagged in: Antitrust Enforcement, International Competition Issues, Price Fixing,

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No Payoff For Plaintiffs Seeking To Reinstate ATM Fee Antitrust Litigation

Posted  12/9/10
The United States District Court for the Northern District of California has denied plaintiffs’ motion to reconsider its September 16 2010, ruling that plaintiffs in the ATM Fee Antitrust Litigation have no standing to pursue their price fixing claims against an ATM network and a group of banks.  The District Court dismissed plaintiffs’ claims under the rule of Illinois Brick Co. v. Illinois, 431 U.S. 720 (1977),...

Tagged in: Antitrust Litigation, Price Fixing,

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Scrap Metal Cartels Facing Global Scrutiny

Posted  10/25/10
A worldwide antitrust crackdown on scrap metal cartels has landed in Korea with the Korean Fair Trade Commission’s recent imposition of a $1.45 million fine against 25 scrap metal processors for price fixing. Scrap metal processors purchase the scraps that are produced by the steel production process.  The processors in turn sort and clean the scrap metal and sell the final product to end users, frequently other...

Tagged in: Antitrust Enforcement, Antitrust Litigation, International Competition Issues, Price Fixing,

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You Say Potato, Plaintiffs Say Conspiracy In “OPEC Of Potatoes” Case

Posted  10/14/10
A group of Wisconsin consumers is asking the U.S. District Court in the Eastern District of Wisconsin to mash the alleged “OPEC of potatoes” in a class action alleging price fixing by a purported cartel of U.S. and Canadian potato growers and their co-conspirators, including leading agricultural technologist Bayer CropScience. This case – Rizzo, et al. v. United Potato Growers of America, Inc. et al. – is...

Tagged in: Antitrust Litigation, Price Fixing,

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DOJ Puts Conspirators On Ice In Refrigerator Compressor Cartel

Posted  10/5/10
The U.S. Department of Justice has announced the first guilty pleas in its ongoing investigation into a price-fixing cartel in the worldwide refrigerator compressor market. According to the DOJ, Japan-based Panasonic Corp. and Embraco North America Inc., a Brazilian subsidiary of Whirlpool Corp., agreed to pay $49.1 million and $91.8 million respectively for a price-fixing conspiracy that lasted from October 2004...

Tagged in: Antitrust Enforcement, Price Fixing,

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Defendants Win Class Certification Battle Of The Experts In Plastics Antitrust Case

Posted  09/13/10
A federal judge has declared a defense expert the winner in a battle of the experts over class certification in a suit alleging price-fixing conspiracies in the markets for plastics additives. Relying heavily on expert testimony, U. S. District Court Judge Legrome D. Davis for the Eastern District of Pennsylvania has denied plaintiffs’ motion to certify a class of direct purchasers of organotin heat stabilizers...

Tagged in: Price Fixing,

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EU Court Upholds Fines Against Plasterboard Cartel For Walling Up Competition

Posted  07/9/10
Europe’s highest court, the EU Court of Justice (ECJ), has upheld a fine of 85.8 million euros (approximately $100 million) against the German company Knauf Gips KG for participating in a plasterboard price-fixing cartel. The cartel consisted of Knauf Gips KG, France’s Lafarge SA, Britain’s BPB Plc, and Belgium’s Gyproc Benelux.  The decision upholds part of the European Commission’s November 27, 2002,...

Tagged in: International Competition Issues, Price Fixing,

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Canadian Supremes Nix DRAM Makers’ Appeal

Posted  06/16/10
The Supreme Court of Canada has denied defendants leave to appeal from the British Columbia Court of Appeal’s certification decision in Pro-Sys Consultants Ltd. v Infineon Technologies AG – the DRAM price-fixing class action. The B.C. Court of Appeal's earlier decision certifying a class of direct and indirect purchasers of DRAMs (semiconductor memory chips also known as “dynamic random access memory”)...

Tagged in: International Competition Issues, Price Fixing,

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German Coffee Companies Get A Wake-Up Call For Price-Fixing

Posted  06/14/10
The Bundeskartellamt, Germany's version of the U.S. Department of Justice Antitrust Division, has announced it is fining eight coffee roasters 30 million euros ($35.9 million) for illegally fixing the price of wholesale coffee sold to bulk customers such as restaurants and hotels. Bundeskartellamt President Andreas Mundt spoke strongly about the need for antitrust regulation, saying that "cartels ... are highly...

Tagged in: Antitrust Enforcement, International Competition Issues, Price Fixing,

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It's Sunny Side Up In Philadelphia For Plaintiffs In Egg Price-Fixing Settlement

Posted  06/10/10
While it may not really be always sunny in Philadelphia, it’s certainly a bright day for plaintiffs in the In re Processed Eggs Antitrust Litigation, who have announced that Land O’Lakes Inc. and two of its subsidiaries, Moark and Norco Ranch Inc., have agreed to settle the egg price-fixing case in the Eastern District of Pennsylvania for $25 million and a promise to cooperate in litigation against the remaining...

Tagged in: Price Fixing,

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