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price fixing

Apple to DOJ: We’re the good guys, not the bad guys

April 13th, 2012

In a filing with the United States district court for southern New York, Apple claims the Department of Justice has its story all wrong. The Justice Department filed an antitrust suit against Apple and multiple book publishers earlier this week alleging that the group colluded to fix the prices of electronic books. In a recently released …

Australian government considering lawsuit against Apple over eBook price-fixing

April 12th, 2012

The Australian Competition and Consumer Commission has urged local retailers to voice their concerns about eBook price-fixing as it considers a lawsuit against Apple and five of the world’s largest book publishers, The Financial Review reported on Thursday. “The ACCC has previously stated that impediments to emerging competition involving online traders is an area of …

DOJ likely to lose eBook antitrust suit against Apple

April 12th, 2012

The United States Department of Justice is likely to lose its antitrust lawsuit targeting Apple and book publishers, according to a report from CNET. A number of legal experts agree that the case against the Cupertino-based company isn’t as strong as the one against publishers. The DOJ “has a far better case against the publishers …

U.S. government sues Apple over eBook price-fixing

April 11th, 2012

The United States government has filed an antitrust suit against Apple, Hachette Book Group, HarperCollins, Macmillan and Penguin alleging that the companies conspired to fix electronic book prices. Reports surfaced more than a month ago suggesting that the Department of Justice had launched an investigation into whether or not Apple had colluded with publishers to raise …

Samsung, LG and others fined $40 million in Korean price-fixing scam

March 15th, 2012

Korean regulators on Thursday fined domestic mobile phone manufacturers and carriers 45.3 billion won (roughly $40.2 million) for price-fixing and consumer fraud. According to the Fair Trade Commission, the companies secretly agreed to inflate the prices of cell phones while advertising offers with considerable incentives. The companies’ actions apparently tricked consumers into thinking they were …

Samsung, Sharp and others to pay $553 million fine for LCD price-fixing scheme

December 27th, 2011

Samsung, Sharp, Innolux Corp, Hitachi, HannStar Display Corp, Chungwha Picture Tubes and Epson Imaging Devices Corp will pay a total of $553 million to settle accusations that the firms participated in an LCD price-fixing scheme. The price fixing resulted in inflation of display prices at the benefit of all companies involved, but at the cost …