Even though the U.S. Attorney General has already begun an inter-agency investigation into the manipulation of oil prices, three senators have asked the Jon Leibowitz, Chairman of the Federal Trade Commission and Consumerist pal, to investigate possible price fixing by this country’s oil refiners. [More]
A recent class-action lawsuit against Land O’Lakes alleges that the farmers’ co-operative was part of a price-fixing conspiracy within the the ovo-industrial complex to keep egg prices artificially high. According to court documents, conspirators worked toward having fewer total hens laying in the United States, leading to more money per egg for everyone, and a nice violation of the Sherman Antitrust Act. [More]
We might be dealing with low inflation and even a falling cost of living, but not everyone in the United States is dealing with the same economic woes. Americans who are in prison have their own economy—one with rampant inflation, alleged price-fixing, and a fish packet-based economy.
If you feel like had to pay too much for baby supplies this past decade, look to Babies R Us. Time reports that last week, “the U.S. District Court in Philadelphia granted class-action status to a complaint that Babies ‘R’ Us coerced manufacturers of high-end strollers, car seats, high chairs, strap carriers and breast pumps into preventing Internet retailers from discounting their products.”
You’re entitled to a small refund if you bought tickets for a long haul flight on British Airways or Virgin Atlantic between August 11, 2004 and March 23, 2006. The amount is $7-$34 per flight taken. This is the settlement in a class action lawsuit contending the two airlines colluded to fix the price of fuel surcharges. More info at airpassengerrefund.com. [via RickSeaney]
Email surfaced in a class action lawsuit against NVIDIA and ATI suggesting that the graphics card makers have engaged in illegal price-fixing for the past half-decade. [techPowerUp!]
The Prescription Access Litigation (PAL) coalition filed suit against 11 drug companies in 2002 for artificially inflating the average wholesale price, or AWP, of certain drugs, including ones used to treat serious illnesses such as cancer and HIV. This week, PAL announced that the companies have agreed to pay $125 million to settle—82.5% of the amount will be used to compensate third-party payor’s claims, and the remaining 17.5% will be used for consumer claims. Here’s a list of the drugs involved, and after the jump is a quick guide to see whether you’ll qualify for a claim, pending the judge’s approval of the settlement.
The Justice Department is investigating price fixing in the chocolate industry. Mars, Nestle, and Cadbury were contacted after a preliminary analysis showed that the 100 Grand bar actually cost far less than advertised. [Slashfood]
Quantas became the third foreign airline to admit to price-fixing and agree to pay a fine to the U.S. government, joining British Airways PLC and Korean Air Lines Co. Ltd, says the Associated Press.
Manufacturers are getting eBay auctions canceled for selling their products “too cheaply,” reports the Consumer Law & Policy blog…
Surprise, surprise. The Department of Justice has started issuing subpoenas against the music industry, including Sony BMG and Warner, for price fixing and collusion. Since it’s a sloppy Reuters brief we’re linking to here, mainly consisting of a list of the companies involved, here’s a blockquote with the summary gyst: