price fixing

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price fixing

Physician practice The illegal practice by a group of health care providers of establishing a standard price for procedures, thus creating a monopoly on a particular market segment
References in periodicals archive ?
143) Corporate executives jailed in the electrical pricefixing conspiracy of the early 1960s stated that incarceration had profoundly affected their lives.
The four authorized laboratories were summoned by the CFC, under pricefixing agreement charges, and "committed themselves to restore the violation, establish prices based on the costs of providing the service, and to cease fixing prices in the future for any of their services".
IN THE early 1990s, family man Mark Whitacre decided to blow the whistle on a global pricefixing scam in the agricultural industry.
Based on a true story, the movie tells how a corporation high flier called Mark Whitacre suddenly decides to tell all about his company's involvement in a global pricefixing conspiracy.
In a well-known (to those of us in antitrust) 1980 case, the Tokyo High Court convicted several oil executives of criminal pricefixing.
For risk-averse firms, the prospects of significant damages awards can deter pricefixing activity.
The judge had ruled in August that the claim of illegal pricefixing made against racecourse owners who set up their own joint-venture to get more money out of televised racing in betting shops must also fail.
As a result, the judge also dismissed part of a counterclaim in which Amrac contended that, if it was guilty of pricefixing, then exclusive licences granted to Bags and its partner, Satellite Information Services (SIS), were also in breach of the rules.
The four are part of a group of 10 past and present BA staff who have been refused immunity under a plea agreement between the airline and the US Department of Justice (DoJ) over the pricefixing.
The OFT's boss, John Fingleton, who was appointed in 2005, has vowed to stamp out big business cartels and pricefixing.
Of course, to put these penalty amounts in perspective, it must be realised that the maximum penalty per offence is $10 million and that in almost all pricefixing cases, there is usually more than one instance of price-fixing listed in the pleadings or findings.
The firm lost its presence in India's securities markets in 2002, when it was banned for its alleged part in a pricefixing scandal.