price-fixing

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price-fixing

the setting of prices by agreement among producers and distributors
References in periodicals archive ?
Susman, Esq., Susman & McGowan) ("Everyone admits, however, that there is nothing socially useful about price fixing, and therefore you could not only triple damages, quadruple, tenfold, twentyfold damages, and there would be no danger whatsoever of deterring socially useful conduct.").
Government watchdog the Office of Fair Trading is offering the money following its exposure of a pounds 270million price fixing scandal between dairy companies and supermarkets Asda and Sainsbury's.
The price fixing is said to have cost the farming industry and the consumer around pounds 270m.
The OFT accused Argos and Littlewoods of price fixing on Hasbro toys and games in 2001 following an investigation.
The commission said that the fine related to price fixing carried out by the airline and its codeshare partner, Germany's Lufthansa, on flights between Cape Town, Johannesburg and Frankfurt.
OFT chairman John Vickers said the fines imposed ``reflect the seriousness of the price fixing in this case.''
Price fixing is an agreement among competing businesses to directly or indirectly raise, lower, or maintain purchase or selling prices.
agreed to plead guilty to a felony price fixing charge as part of a broad collusion investigation of the canned tuna industry, the U.S.
The regulator has been conducting an antitrust probe of the companies for the past year and the CCI was tipped off by one of the three companies after it filed a leniency application with the regulator, revealing details of the alleged price fixing. [Reference Link]:[https://www.cnbc.com/2018/10/11/reuters-america-exclusive-top-brewers-raided-by-indian-watchdog-in-price-fixing-probe-sources.html]
Giving government's stance on present sugarcane price fixing issue in the National Assembly, the minister suggested forming a committee at federal level to look into the matter with the participation of all stakeholders.
Although price-fixing agreements remain per se illegal in the United States, courts have undermined the per se rule against price fixing by making it harder for plaintiffs to prove that such an agreement exists.