A federal judge rejected a bid by the four largest U.S. airlines to dismiss nationwide antitrust litigation by passengers who accused them of conspiring to raise fares by keeping seating capacity artificially low. In a decision late Friday afternoon, U.S. District Judge Colleen Kollar-Kotelly said ...
Brussels A Hitachi Ltd.-LG Corp. joint venture and Sony Corp. were among a group of companies fined a combined total of €116 million ($131.6 million) by European Union regulators for fixing the prices of CD and DVD drives. Hitachi-LG Data Storage Inc. will have to pay ...
Automotive and hydraulic equipment maker Kayaba Industry Co. has agreed to pay a $62 million fine for its role in a price fixing scheme for shock absorbers for cars and motorcycles sold in the United States, the Justice Department said Wednesday. The Tokyo-based company, better ...
The U.S. Justice Department said Thursday that Japanese manufacturer NGK Insulators Ltd., which makes electricity insulators and automotive parts, has agreed to plead guilty and pay a $65.3 million (about ¥7.8 billion) fine for price fixing and rigging bids. The department said NGK Insulators rigged ...
Apple will refund up to $400 million to consumers ensnared in a plot to raise the prices of digital books unless the company gets a court to overturn a decision affirming its pivotal role in the collusion. The settlement bill emerged in a Wednesday court ...
A former Japanese executive of major tire maker Bridgestone Corp. has agreed to plead guilty to his involvement in automobile parts price fixing in the United States, the Department of Justice said Wednesday. Yusuke Shimasaki has agreed to serve 18 months in prison and pay ...
A former executive of Japanese auto parts maker Denso Corp. will be jailed in the United States after pleading guilty to obstructing a 2010 investigation of a price-fixing allegation, the U.S. Justice Department said Thursday. The move was part of the department's probe of price ...
Toyo Tire & Rubber Co. has agreed to plead guilty and pay a $120 million fine for its role in price-fixing of automobile parts in the United States, the U.S. Justice Department said Tuesday. The company repeatedly rigged bids for anti-vibration rubber parts for automobiles ...
On March 14, 2011, Blythe Masters, head of JPMorgan Chase's global commodities group, asked one of her top deputies why California power officials were making ominous inquiries into the bank's arcane and lucrative business of selling electricity. Five months earlier, Masters had been given ...
A U.S. judge ruled Wednesday that Apple conspired to raise e-book prices, handing the tech giant a bruising loss that could ripple throughout the industry and force companies to rethink how they meet consumer demand for digital products. For 160 pages, U.S. District Judge Denise ...
