Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels.

Mar 1, 2024 · The agencies filed a joint legal brief explaining that price fixing through an algorithm is still price fixing. The brief highlights key aspects of competition law important for businesses in every industry: (1) you can’t use an algorithm to evade the law banning price-fixing agreements, and (2) an agreement to use shared pricing ...

Feb 19, 2025 · FTC Reaches Record Financial Settlement To Settle Charges of Price-fixing in Generic Drug Market

Mar 5, 2022 · The FTC takes action to stop and prevent unfair business practices that are likely to reduce competition and lead to higher prices, reduced quality or levels of service, or less innovation. Anticompetitive practices include activities like price fixing , group boycotts, and exclusionary exclusive dealing contracts or trade association rules ...

Price Discrimination: Robinson-Patman Violations Mergers Whenever business contracts are awarded by means of soliciting competitive bids, coordination among bidders undermines the bidding process and can be illegal.

Mar 28, 2024 · The agencies recently filed a statement of interest in an algorithmic price-fixing case in the residential housing market, and the Justice Department’s Antitrust Division filed a statement of interest and memorandum of law in another real …

Removing all of the financial incentive for a retailer to set a price below the suggested minimums. American Cyanamid -- FTC Consent Alleging Minimum Resale Price Agreement. Last year the FTC issued a complaint and consent alleging that American Cyanamid fixed the minimum resale prices of its agricultural chemical products.

Apr 28, 2009 · Our two largest states, California and New York, are well positioned to sue vertical price-fixers in their state courts. California‟s courts have consistently held that the Cartwright Act15 prohibits resale price maintenance as per se unlawful conduct,16 for a vertical price fixing

For the most blatant agreements not to compete, such as price fixing, bid rigging, and market division, the rules are clear. The courts decided many years ago that these practices are so inherently harmful to consumers that they are always illegal, so-called per se violations.

Sep 20, 2024 · The FTC’s administrative action seeks to put an end to the Big Three PBMs’ exploitative conduct and marks an important step in fixing a broken system—a fix that could ripple beyond the insulin market and restore healthy competition to …