Collusion and Price-Fixing
Two defendants are settling an antitrust case about contact lens pricing, while three others are continuing the litigation. CooperVision, Inc. (CVI) and Bausch & Lomb, Inc. (B&L) have reached settlement agreements in a case claiming that five companies agreed to Unilateral Pricing Policies that set minimum prices and allegedly violated antitrust laws.
This large lawsuit has been assembled from various antitrust class actions against makers of auto parts. The complaints allege that the makers entered into unlawful agreements that caused people to pay more for automobiles and parts than they would have otherwise.
A large antitrust case against makers of capacitors has so far resulted in settlements totaling $80.5 million. The complaint alleged that makers conspired to raise and fix the prices of capacitors over a period of more than ten years, thus violating antitrust laws and making customers pay more for capacitors than they should have.
Three of the defendants have put up a total of more than $5 million to settle an antitrust class action on behalf of direct purchasers of alum. Alum is used to treat drinking water, control algae in lakes and ponds, treat wastewater, and for certain manufacturing purposes.
This is one of a number of antitrust class actions against companies that make hard disk drive (HDD) suspension assemblies sold in the US. The complaint alleges that the companies conspired to eliminate competition, fix prices, and allocate markets and it brings suit on behalf of indirect purchasers of the products.
Hard disk drives (HDDs) use a component called an HDD suspension assembly. The complaint for this class action alleges that a long list of HDD suspension assembly makers and suppliers conspired to fix prices and allocate markets for those components. The defendants include NHK Spring Co. Ltd.; NHK International Corporation; NAT Peripheral (Hong Kong) Co., Ltd.; NAT Peripheral (Dong Guan) Co., Ltd.; NHK Spring (Thailand) Co., Ltd.; TDK Corporation; Magnecomp Precision Technology Public Co. Ltd.; SAE Magnetics (H.K.) LTD; Hutchinson Technology Inc.
All Nippon Airways (ANA) and Japan Air Lines (JAL) are the final parties to settle in an antitrust class action about price-fixing and fuel surcharges on flights across the Pacific originating in the US. The complaint claimed that ANA and JAL agreed to fix prices on tickets and add fuel surcharges for travel between the US and Japan.
How did realtors manage to band together to take anticompetitive actions? The complaint for this class action alleges that the National Association of Realtors (NAR) banded together with four national real estate broker franchises—HomeServices of America, Inc., Keller Williams Realty, Inc., Realogy Holdings Corp., and Re/Max Holdings, Inc.—to set rules for buyer broker commissions. It claims that the arrangement violates antitrust laws.
How do you raise prices for a substance in a market with low margins, declining prices, and an oversupply—like the one for caustic soda a few years ago? According to the complaint for this antitrust class action, some makers decided to take concerted, anticompetitive measures, from the fourth quarter of 2015 to the present.
The complaint for this class action alleges that antitrust price-fixing in the business of selling and customizing the silicone wristbands for our favorite charities, the lanyards from which we hang our IDs and keys, and the pin buttons touting slogans or political candidates. Acording to the complaint, the market for these custom promotional products in US is a $22.9 billion industry. Four of the defendants in this case (two companies and two individuals) have already pleaded guilty in a Department of Justice antitrust case, and this case asks for restitution for the people who have paid higher prices because of the defendants’ behavior.