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Price Manipulation

Beef Cattle in Field

This antitrust class action brings suit against a number of beef packers for colluding to depress the prices of fed cattle. Because the packers earn their money from the “meat margin”—the spread between the price of fed cattle and the price at which the meat is sold—the companies allegedly decided to earn more by depressing the price of the cattle. The defendants in this case include Tyson, JBS, Swift, Cargill, Marfrig, and National.

Caustic Soda Flakes

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.

Example of Bond Certificate

At times, government-sponsored enterprises (GSEs) issue bonds to fund what the complaint for this class action calls “economic and public policy mandates.” The complaint for this class action claims that dealers in these bonds conspired to fix their prices in a way that would earn the dealers more money, in violation of antitrust laws.

CBOE Sign on Building

This class action has no named defendants, just the designation “John Does”. The complaint alleges that someone is manipulating the final settlement prices of futures and options contracts linked to the Chicago Board Options Exchange (CBOE) Volatility Index (VIX), an act the complaint claims is a violation of the Sherman Antitrust Act, the Commodity Exchange Act, and various other rules.