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 ?
144) Gels reports that during Senate hearings on heavy electrical equipment pricefixing, a former General Electric executive stated, "'they would never get me to do it again.
While 103 firms have been punished, the watchdog found evidence of pricefixing by more than 1,000 builders on 4,000 jobs.
THE collapse of the High Court pricefixing trial has left racing "99 per cent nearer finding a commercial alternative to the levy than we ever have been" according to a racecourse chief executive.
In 1999, the government of the US, where price-fixing has been a criminal offence since 1890, began investigating allegations of pricefixing in the carbon industry within its jurisdiction and this led to Morgan Crucible Plc and a US subsidiary being fined a total of EUR11 million.
Moreover, there are already 20 non-US citizens serving jail sentences in America for pricefixing alone.
Andrew Crawley, a BA executive, and former executives Iain Burns, Alan Burnett and Martin George deny pricefixing.
The penalties are the largest yet imposed by the watchdog under the Competition Act for pricefixing.
He tells two agents there is a multi-national pricefixing scheme regarding the additive.
A probe by the Northern Ireland Audit Office into allegations of pricefixing and collusion at the Belfast Education and Library Board has unearthed a catalogue of wasted cash.
The claim was brought by Bags (Bookmakers' Afternoon Greyhound Services) together with William Hill, Ladbrokes and Betfred, who allege that Amalgamated Racing (Amrac) is guilty of illegal pricefixing by signing exclusive deals with 31 of the 60 UK racecourses to bring live TV pictures to betting shops via TurfTV.
Asked about the bidding for the television rights to English Premier League football, which Sky used to build its dominant position, Mr Ball said it was still awaiting the results of the European Commission pricefixing probe of the league.
DaimlerChrylser also rigged the market in Belgium through a pricefixing agreement limiting to 3pc the rebates its Belgian dealers could offer customers.