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Articles about Price Fixing

Plaintiffs: 'Hey judge! Soak Apple for $840m in ebook price-fixing suit'

Apple may be on the hook for as much as $840m after having been found guilty of ebook price-fixing. The state attorneys general who joined the price-fixing suit along with the US Department of Justice have told the court that not only should Apple be liable for $280m in damages, but that antitrust law says the amount should be …
Rik Myslewski, 03 Feb 2014
Samsung 60nm 1Gb DDR 2 DRAM chip and DIMM

The long war on 'DRAM price fixing' is over: Claim YOUR spoils now (It's worth a few beers)

Remember getting hosed on those 128MB DIMM RAM sticks back in Y2K? Well, it's time to exact your revenge: with a $10 payout. A group of US Attorneys General have agreed to a $310m settlement package with memory chip makers, which is to be distributed among the public, following allegations of price gouging by vendors between the …
Shaun Nichols, 07 Mar 2014

What price justice? 73 CENTS in book price-gouging case

Amazon has begun offering customers store credit on behalf of publishers who recently settled a price-fixing case. The credit is being distributed to customers as part of a refund program under the terms of a US settlement agreed to by five major e-books publishers. Amazon noted that it was not part of the suit, but was merely …
Shaun Nichols, 26 Mar 2014
Laptop battery

LG, Sanyo, fined for price-fixing laptop batteries

The USA's Department of Justice (DoJ) has slapped Sanyo (a subsidiary of Panasonic), and LG Chem (part of the sprawling LG Chaebol, with fines for conspiring to fix prices for cylindrical lithium ion battery cells used in notebook computers. The DoJ announced the fines last week, and said that between April 2007 and September …
Simon Sharwood, 22 Jul 2013
The Register breaking news

Penguin pays $75m to settle ebook price-fixing case

Penguin has agreed to hand over $75m along with costs to sort out US antitrust allegations over ebook price fixing. The publisher had already agreed to settle with the Department of Justice and has put the price tag on the deal to pave the way for its merger with Random House. Penguin is the last publisher to settle the case. …
The Register breaking news

Worldwide LCD price-fixing conspiracy: Another exec guilty

An AU Optronics executive has been found guilty of fixing the price of LCD displays by a US District Court in San Francisco. The US Justice Department said that a jury found Shiu Lung Leung, a former senior manager in the Desktop Display Business Group, guilty of participating in the worldwide LCD price-fixing conspiracy that …
The Register breaking news

Ebook price-fixing: Macmillan settles with DoJ, Apple fights on

EBooks published by Macmillan will become cheaper as of today, said the US Department of Justice (DOJ), announcing that the publisher has agreed to settle a price-fixing lawsuit. MacMillan and the DOJ came to a settlement today, nine months after the department launched the lawsuit for price-fixing against Macmillan, four other …
Anna Leach, 08 Feb 2013
The Ares lower-stage skirt extension separation test

Our irony meter exploded: Apple moans ebook price-fixing watchdog is too EXPENSIVE

Apple has filed a court motion complaining that Michael Bromwich, the court-appointed antitrust regulator overseeing the fruity firm in the wake of its ebook price-fixing shenanigans, is too charging too much for his services. "Mr Bromwich appears to be simply taking advantage of the fact that there is no competition here or, in …
Iain Thomson, 29 Nov 2013
The Register breaking news

Publishers stand behind Apple in ebook price-fixing fight

The five publishers involved in the Apple ebook lawsuit-o-rama have filed a formal objection to the remedies proposed by the US Department of Justice after Cupertino lost its court battle concerning alleged price fixing. "Despite achieving their stated goal of returning price competition, plaintiffs now seek to improperly impose …
Rik Myslewski, 08 Aug 2013

Dell files suit accusing Hitachi and pals of 'price-fixing conspiracy'

Dell has filed a lawsuit alleging that six suppliers which manufactured the optical drives used in its computers had illegally agreed to set the components' prices. In a complaint filed at a federal court in Austin, Texas, the world's third-largest computer manufacturer said it was seeking damages for a "price-fixing conspiracy …
Jasper Hamill, 14 May 2013

Apple spanked by judge in price-fixing injunction – but not too hard

The federal judge overseeing the ebook price-fixing case between Apple and the US Department of Justice has issued her remedy, and although it slaps Cook & Co. upside the head, the DoJ didn't get all it wanted. After winning the case in Judge Denise Cote's court this July, the DoJ proposed a sweeping set of suggested remedies, …
Rik Myslewski, 06 Sep 2013
The Register breaking news

China fines Samsung and LG for LCD price-fixing

Samsung and LG Electronics, along with four Taiwanese companies, have been fined by the government for jigging LCD screen prices between 2001 and 2006. The secret negotiations held the prices of LCD screens artificially high, China's National Development and Reform Commission found - affecting the manufacture of phones, laptops …
Anna Leach, 04 Jan 2013
iPad iBooks app

Apple asks judge to axe ebook price-fixing watchdog

Apple has asked a New York court to kick the antitrust monitor the beaks appointed off the company's payroll, accusing him of being biased against the fruity firm. Cupertino has been complaining about the court-appointed external compliance monitor Michael Bromwich practically since he got the job, saying that his fees are …
The Register breaking news

Apple: ebook price fixing? Nooo, nothing to do with us, no siree

Apple has told a US court it certainly wasn't involved in any conspiracy to rig the prices of ebooks. The fruity firm said that it was neither involved in nor knew of any meetings or conversations between the publishing houses that "allegedly formed the basis of the purported conspiracy". "Apple did not conspire to fix e-book …

AU Optronics convicted of price-fixing

Federal jurors in San Francisco have written the latest chapter in the ongoing AU Optronics LCD price-fixing case, delivering a guilty verdict on the company and two of its executives. The Taiwanese company, its US subsidiary, and executives Hsuan Bin Chen and Hui Hsiung were found guilty of violating US anti-trust laws. However …
Suitcase bulging with cash

Tosh handed $87 MILLION fine in LCD price fixing case

Japanese electronics giant Toshiba has come out fighting after becoming the latest big name to be found guilty of a widespread price-fixing racket relating to liquid crystal display (LCD) panels sold in the US. The company has now been ordered by a northern California court to pay $87m in damages – $70m to consumers who bought …
Phil Muncaster, 04 Jul 2012
Apple iPad 3 aka new iPad

APPLE FAILS to ditch class action suit over ebook PRICE-FIX fiasco

Apple has lost its bid to dismiss an $840m class action lawsuit over the ebook price-fixing fiasco. State attorneys general in 33 states and territories have joined together with lawyers for Apple customers to sue the fruity firm for damages relating to the allegations that it worked with five major publishers to fix prices and …
The Register breaking news

Samsung and LG hit with MASSIVE price fixing fine

South Korean regulator the Fair Trade Commission (FTC) has slapped a 45.3bn won (£25.5m) fine on mobile phone operators and handset makers in the country including Samsung and LG after finding them guilty of price fixing and consumer fraud. The Yonhap news agency reported that handset giants Samsung Electronics Co and LG along …
Phil Muncaster, 16 Mar 2012
Suitcase bulging with cash

Toshiba, LG pop $571m to end LCD price fixing suit – want some?

Toshiba, LG Display, and AUO Optronics are the latest companies to settle in the ongoing LCD price-fixing drama, and their combined $571m payout will put cash in the pockets of American flat-panel buyers. The total settlement in the class action suit includes $27.5m to be paid in civil penalties to eight states, plus an …
Neil McAllister, 12 Jul 2012
The Register breaking news

Publishers pony up $69m in ebook price-fixing settlement

Three of the publishers accused along with Apple of price fixing in the ebook market have agreed to settle the case for a total of $69m, in a move that could mean a (very small) windfall for consumers in 49 US states and the District of Columbia. Under the terms of the settlement, Hachette, HarperCollins, and Simon & Schuster …
Neil McAllister, 31 Aug 2012
Amazon Kindle Fire HD

Affected by ebook price-fixing? Amazon has a few shiny pennies for you

Amazon has gleefully started contacting US ebook customers about the funds they're entitled to claim after three publishers settled price-fixing lawsuits. The Kindle-maker told customers that they'd be getting partial refunds of $0.30 to $1.32 for each eligible ebook bought between April 2010 and May 2012. Ebooks will be …
The Register breaking news

DoJ could start Apple ebook price-fixing lawsuit this week

The US Department of Justice is getting ready to launch a lawsuit against Apple over alleged ebook price-fixing, according to whispering sources. Those familiar with the matter told Reuters that the DOJ could sue Apple as early as today, since it wouldn't or couldn't sort out a settlement with the department so far, but no final …
The Register breaking news

Apple in Big Apple dock: iPhone goliath starts ebook price-fix trial

Apple goes on trial today as the last man standing against charges of ebook price fixing brought by the US government. Only Apple has refused to settle the case brought by the Department of Justice, which alleges that Cupertino colluded with five publishers to fix the price of ebooks in order to boost its margins and boot Amazon …
The Register breaking news

OFT probes Expedia and pals over hotel room price-fixing

Expedia, Booking.com and InterContinential Hotels Group may have broken EU competition law by restricting the ability of travel agents to discount the prices of room-only hotel accommodation, thereby squeezing out their competition. That’s according to an Office of Fair Trading statement of objections issued Tuesday that follows …
Gavin Clarke, 31 Jul 2012
The Register breaking news

Record €1.47 BEELLION EC fine for price-fixing display cartels

The EC has fined screen-makers including Samsung and LG €1.47bn for joining in one or both of two different CRT cartels running between 1996 and 2006. The European Commission's antitrust division said that eight different companies fixed prices, shared markets, divvied out customers between them and restricted their output in …
The Register breaking news

Apple: If you find us guilty in ebook price-fix trial, EVERYONE suffers

Apple has claimed that ruling against it in its ebook price-fixing trial will have a "chilling effect" on how businesses enter new markets. The fruity firm's legal beagle, Orin Snyder, said in closing arguments of the proceedings in New York that finding Apple guilty would "send shudders through the business community", …
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Micron settles with Oracle in chip price-fixing case

Chipmaker Micron Technology has reached a settlement with Oracle in a lawsuit the company brought over the price of memory. Oracle alleged that Micron had conspired with four unnamed companies to inflate DRAM chip prices paid by Oracle's Sun Microsystems business from 1998 until at least 2002 and claimed damages. Micron said …
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Tech Data sues LCD panel makers over price-fixing

Tech Data is suing several LCD panel makers, alleging that they formed an international cartel to fix prices over at least a decade. The IT distie giant claims from the start of 1996 to the end of 2006 the manufacturers conspired to "fix, raise, stabilise and maintain prices" in a lawsuit filed with the federal court in Tampa, …
Paul Kunert, 02 Nov 2011
Suitcase bulging with cash

Sharp bungs Dell and pals $198m to silence TFT price-fix spat

Sharp has agreed to fork out $198.5m to make the TFT monitor price-fixing lawsuits go away. The Japanese firm announced it had settled with Dell and two unnamed companies out of court, and will slap the nine-figure payout into its next quarterly report as "extraordinary expenses". It is understood the legal action was launched …
fingers pointing at man

Hitachi, LG admit fixing disc drive prices

A Hitachi and LG optical disk-making joint venture has pleaded guilty to 14 counts of violating antitrust law and one count of wire fraud in the US. The company is the first to be charged in the probe of price-fixing in the sale of CD, DVD and Blu-ray drives. The Department of Justice investigation also issued a subpoena to Sony …
The Register breaking news

ACCC spikes gadget price-fix

Australia’s competition regulator, the Australian Competition and Consumer Commission (ACCC), has politely declined a request by a retail buying group to set minimum prices on a bunch of electrical and electronic gadgets. In a draft decision issued late last week (January 17), the watchdog told National Associated Retail Traders …
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Flatscreen makers fined €649m for price fixing

The European Commission has fined six LCD panel makers €649m for fixing the price of their screens. The six companies must pay €648.9m for fixing prices for LCD screens between October 2001 and February 2006. The six cartel members are: Samsung Electronics, LG Display, AU Optronics, Chimei InnoLux Corporation, Chunghwa Picture …
John Oates, 08 Dec 2010
The Register breaking news

LCD maker cops to international price-fixing conspiracy

Yet another seller of LCD panels has copped to international price-fixing that bilked Apple, Dell, and HP, among others. Taiwan-based HannStar Display Corporation has agreed to pay a $30m criminal fine for its role in a global conspiracy to fix prices of monitors that use TFT-LCD, or thin-film transistor-liquid crystal display, …
Dan Goodin, 29 Jun 2010
graph up

DoJ hits LCD vendor with price fixing charge

The Department of Justice announced yesterday that a Federal Grand Jury had returned a "superseding indictment" against AU Optronics Corp, its Houston subsidiary, and six of its executives. The agency charges "that AU Optronics Corporation participated in a conspiracy to fix the prices of TFT-LCD panels sold worldwide from Sept …
Joe Fay, 11 Jun 2010

HP fires sue-ray at makers of Blu-Ray

HP is seeking damages from the optical drive industry, filing antitrust complaints against pretty much the whole of the supply side of the industry. A similar complaint was filed earlier this year by Dell. Both cases ultimately stem from Department of Justice investigations which ended with the Hitachi-LG Data Storage (HLDSI) …
Screaming kid

US Appeal Court slaps Apple for trying to shake antitrust monitor

The US Appeals Court has rejected Apple's bid to oust its court-appointed antitrust monitor, after Cupertino failed to convince the panel of three judges that he was doing the company irreparable harm. Apple was trying to have Michael Bromwich taken off the job for the time being while it pursues appeals both against his …
The Register breaking news

Nokia sues LCD makers over price-fixing

Nokia has filed a lawsuit against eight display manufacturers over claims they colluded to fix prices for LCDs used in mobile phones. The lawsuit, filed November 25 in federal court in San Francisco, California, is grounded in the US Department of Justice's antitrust allegations of the same nature. Companies named in Nokia's …
Austin Modine, 01 Dec 2009
The Register breaking news

Online hotel bookings to be probed for price-fixing

The Office of Fair Trading (OFT) is investigating whether the sale of hotel room bookings on the internet breaches competition law, looking into whether an allegedly long-established pricing mechanism is anti-competitive. An online reseller of hotel rooms complained to the OFT about a practice it said was called 'rate parity', …
OUT-LAW.COM, 21 Sep 2010
Apple iPad 3 aka new iPad

Apple cooperating at last on antitrust after MONTHS of wrangling – says court watchdog

Apple execs have made a "promising start" to fixing the company's antitrust compliance programme, says the monitor appointed by the court after the iPhone maker was found guilty of conspiring to fix ebook prices last year. However, the Cupertino corp has spent too much time dragging the process out, he said. Scrutinizer Michael …

Ebook judge: Guilty Apple must hire anti-antitrust watchdog to probe itself

Apple won't have to restrict contracts with suppliers of movies, music and TV shows to iTunes in its ebook price-fixing injunction, a US judge said yesterday. District Judge Denise Cote said in a court hearing that the final order on Apple, after the company was found guilty of conspiring with publishers to set the price of …
The Register breaking news

Judge: Evidence will likely show Apple DID fix ebook prices

The US judge who will decide the ebook price fixing case has suggested the government will be able to show that Apple was part of the conspiracy, before the trial has even begun. In a somewhat unusual move, US District Judge Denise Cote said at a pretrial hearing that she thought the Department of Justice would be able to show …
The Register breaking news

Ebook price-fix trial showdown? Bring it on, say Apple and pals

Apple wants to go to trial in the US over allegations of price-fixing in the ebook market, the company's lawyer said yesterday, but it may end up settling with the EU. The fruity firm and fellow defendants Penguin and Macmillan were in court yesterday for the first hearing in the US government-led case against them. According to …
AIIA logo

AIIA takes the ‘Australian’ out of price-gouge concerns

As predicted by The Register, once the IT and related industries lumbered into motion to respond to the Australian Parliament’s inquiry into IT pricing in Australia, the rent-seeking would begin. As has been amusingly pointed out by local publisher Crikey, some of the submissions read as if they were penned in imitation of Terry …

Nintendo DS linked to LCD price-fixing scandal

Japan’s Fair Trade Commission has raided the offices of Sharp and Hitachi over allegations that they've been illegally fixing the price of LCD screens said to have been bought by Nintendo for its DS handheld console. nintendo ds lite Nintendo's DS Lite: price set to fall? According to Japanese law, Sharp and Hitachi could …
James Sherwood, 28 Feb 2008
Cool-er eBook Reader

Apple appoints top Obama legal eagle as antitrust watchdog

High profile attorney Michael Bromwich, fresh from his latest stint as the top US offshore drilling watchdog, has been tapped to serve as Apple's antitrust compliance monitor. The lawyer will check that the fruity firm's competition practices and procedures are up to scratch for the next two years, after a court found it guilty …
The Register breaking news

Penguin chief: Apple's ebook plan 'dramatically changed' market

The CEO of publishing house Penguin has admitted that Apple's arrival in the ebook market triggered a dramatic shift in how the digital tomes were sold. David Shanks said, under questioning from the Department of Justice's lawyers in the ongoing Apple ebook price-fixing trial yesterday, that he understood all publishers signing …

Apple badmouthing of court's monitor proves it NEEDS him - judge

Apple's objections to its court-appointed antitrust monitor show exactly why the fruity firm needs an outsider keeping watch on its competition practices, the judge in the case has said. US District Judge Denise Cote released a full opinion on why Apple needs the monitor after deciding on Tuesday to reject the company's bid to …
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LCD makers to pay $585m for price-fixing conspiracy

Three Asian electronics manufactures on Wednesday agreed to pay a combined $585m after admitting they conspired to drive up the prices of liquid crystal display monitors that were bought by Dell, Apple, Motorola, and others. LG Display of South Korea, Sharp of Japan, and Chunghwa of Taiwan pleaded guilty to conspiracy charges …
Dan Goodin, 12 Nov 2008

The hammer falls: Feds propose drastic controls on Apple's iTunes Store

The US Department of Justice, fresh from its ebook price-fixing victory over Apple, has proposed a sweeping array of restrictions on Cupertino's content-peddling iTunes Store, along with the appointment of a watchdog to keep an eye on Apple's compliance. "Under the department's proposed order, Apple's illegal conduct will cease …
Rik Myslewski, 02 Aug 2013

Nvidia settles price-fixing lawsuit

Nvidia has settled a class action lawsuit that alleges it conspired with AMD to fix graphics chip prices. The proposed settlement, outlined in the company's latest filing with the US Securities and Exchange Commission (SEC), offers initial plaintiffs $112,500 and a further $1.7m to all the others who subsequently signed up when …
Tony Smith, 30 Sep 2008