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(Consumer Reports) Diamond Electric, a Japanese company that manufactures ignition coils for Ford, Toyota and Subaru, has plead guilty to the Justice Department charges on price fixing and conspiracy charges.
In the analogue world, for example, the law can deal with tacit collusion on price fixing because corporate executives are the agents who do it and it is possible often to prove intent.
It will also be easier to prosecute people for cartel offences – this is when individuals enter into an agreement on price fixing, market sharing, limiting supply or rigging tenders with competitors.
Created more than 60 years ago, the system relies on price fixing and high tariff walls to stabilize income for roughly 12,000 dairy farmers, mostly in Ontario and Quebec.
[C7.] Plea Deal on Price Fixing of Chips Federal prosecutors said that they had cracked a global cartel that had illegally fixed prices of memory chips.
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Samsung has agreed to pay a $300 million fine on charges of price fixing on its dynamic random access memory products.
The investigation is focusing on accusations of price fixing in the bitumen industry, the commission said.
Mr. Whitacre was among the Archer Daniels executives indicted last year on charges of price fixing.
Just this week, it fined two Belgian breweries -- Interbrew S.A. and Alken Maes, owned by Groupe Danone of France -- nearly $90 million on charges of price fixing.
THIS week De Beers, the leading South African diamond group, said it hopes that talks with America's government on charges of price fixing will be concluded to its satisfaction.
BRUSSELS — The European Union fined a group of computer chip makers 331.3 million euros ($409 million) on Wednesday for price fixing in the first use of a new procedure that allows settlement of cartel cases in Europe.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com