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Price Fixing

April 4, 2009 | Ronald D. White
The U.S. 9th Circuit Court of Appeals on Friday revived a class-action lawsuit accusing Arco, Chevron and several other refiners of conspiring to fix gasoline prices during the mid-1990s. But the same panel expressed doubt that the plaintiffs would be able to prove their case. The ruling stems from a suit filed by William O. Gilley on behalf of other wholesale buyers of the cleaner-burning fuel that since 1996 has been required in California.
March 12, 2009 | Raheem Salman
Tariq Aziz, who once represented Saddam Hussein's Iraq to the world, was sentenced Wednesday to 15 years in prison for his involvement in the 1992 killing of 42 merchants accused of price-fixing. The court found Aziz guilty of premeditated murder and crimes against humanity. It was the first conviction for the onetime foreign minister and deputy prime minister; last week the Iraqi High Tribunal dismissed charges against him regarding Hussein's crushing of a 1999 Shiite Muslim revolt.
November 20, 2008 | bloomberg news
AT&T Inc. didn't conspire to fix the rate for long-distance surcharges paid by customers, a Kansas jury said Wednesday, rejecting a $400-million claim against the largest U.S. telephone company. The federal jury in Kansas City, Kan., also ordered AT&T to pay $16.9 million to California residential customers who accused the company of breach of contract in the same trial.
November 13, 2008 | the associated press
Three Asian electronics firms have agreed to plead guilty and pay $585 million in fines for conspiring to drive up the prices of LCD screens used in computers, TVs, cellphones and other electronic devices. In a plea deal filed Wednesday, LG Display Co., Sharp Corp. and Chunghwa Picture Tubes Ltd. agreed to cooperate in an antitrust investigation headed by the U.S. Justice Department. The plea agreement was filed in federal court in San Francisco.
June 14, 2008 | From Times Staff and Wire Reports
Gas station owners, mechanics and car dealers have sued the nation's largest manufacturers of oil, air, transmission and fuel filters, accusing them of an almost decade-long conspiracy to drive up prices. More than 30 federal lawsuits alleging collusion have been filed in recent weeks in Connecticut, Illinois, Tennessee and New Jersey. Defendants include Honeywell International Inc., Champion Laboratories Inc. and Purolator Filters. "We don't believe there is any merit to this case whatsoever, and we will vigorously defend ourselves against it," said Camilla Denison, Champion's president.
April 26, 2008 | From the Associated Press
A federal judge on Friday preliminarily approved an agreement by two British-based airlines to pay about $210 million to settle a massive price-fixing lawsuit that accused the carriers of colluding to gouge transatlantic passengers with fuel surcharges. U.S. District Judge Charles Breyer granted tentative approval for British Airways and Virgin Atlantic to refund one-third of the surcharge paid by each of the airlines' passengers from Aug. 11, 2004, to March 23, 2006.
February 14, 2008 | Lisa Girion, Times Staff Writer
With medical costs rising, record numbers of people losing their coverage and healthcare at the top of the domestic agenda, health insurers found themselves Wednesday in the cross-hairs of regulators, elected officials and law enforcement in California and across the nation. New York Atty. Gen. Andrew Cuomo said the nation's largest health insurers have rigged rates they pay for physician visits, leaving patients with higher medical bills. In Los Angeles, City Atty.
November 28, 2007 | From Times Wire Services
Qantas Airways, Australia's largest airline, became the third foreign airline this year to admit to price-fixing. It agreed to pay a $61-million fine to the U.S. government and to cooperate with the Justice Department's continuing investigation. Qantas sought to eliminate competition by fixing the rates for shipments of cargo to and from the U.S. from at least January 2000 through February 2006, according to charges filed in the U.S. District Court for the District of Columbia.
November 15, 2007 | Patrick McGreevy and Jean-Paul Renaud, Times Staff Writers
In December 2006, the average daily rate for a mid-size rental car booked via the Internet at Los Angeles International Airport was about $60. A month later, the rate had climbed to $79, according to a study by a consumer group. A class-action lawsuit filed by the group Wednesday alleged that the spike was the result of illegal price-fixing by rental-car companies -- enabled by a new state law that allows the companies to change the way they advertise rates at many airports.
October 26, 2007 | From the Associated Press
BP is taking a multimillion-dollar broom to sweep away a slew of federal charges linked to energy price fixing, a deadly refinery blast and pipeline leaks and focus on its energy business. The more than $373 million in settlements announced Thursday are part of BP's attempt to rid itself of problems from the stewardship of former Chief Executive John Browne and move ahead with the restructuring of Europe's second-largest oil firm.
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