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 ?
(298.) The firm would not have to pay the plaintiff anything if the suit is dismissed or the defendants prevail at summary judgment, the probability of which increases if the members of the cartel successfully conceal the incriminating evidence of price fixing.
Since price fixing is a per se violation under the PCA, there can be no justification of such conduct.
(12) This cartel participation in foreign markets facilitated price fixing in the American market.
FAW-Volkswagen, a joint venture of Volkswagen AG (Xetra: VW), has been fined CNY249m for price fixing by the Hubei provincial pricing bureau.
According to news.com.au, Cote has ordered the tech giant to make amendments to its contracts to ensure it does not repeat the kind of price fixing that resulted when it colluded with publishers in 2010.
What has annoyed me is the claim by some that if they are guilty of price fixing, the fines imposed could be very high and the fines should not go to the Government.
For more coverage of price-fixing schemes, see: Toshiba will pay $87 million for price fixing 9th Circuit revives dairy farmers' price-fixing suit Retailers appeal $7.2 billion Visa/MasterCard settlement Illinois sues Samsung, LG and other electronics companies for price-fixing Two Japanese freight companies to pay $189 million for price-fixing
In 2008, the commission saw price fixing fines levied against Qantas and British Airways.
The landmark USD7.25bn settlement with the two credit card companies and major US banks will settle alleged anticompetitive practices and price fixing charges.
In October 2008, the Commission fined Dole and Weichert 60 million for operating a price fixing cartel in eight member states of Northern Europe between 2000 and 2002.
(SeeNews) - Jul 11, 2011 - Austrian steel group Voestalpine (WBAG:VOE) has confirmed that it demands leniency in connection with the investigations of illegal price fixing in railway tracks in Germany, news agency APA reported today.
Meanwhile, Chang Hwa Bank has also just completed price fixing for its plan to issue NT$3.3 billion subordinated bonds, while Taipei Fubon Bank, Ta Chong Bank, and Bank SinoPac are undertaking book building, a process for price fixing for bond issuance, for their financial-bond plans.