All Posts Tagged Tag: ‘price fixing’

Apple to Pay $450M in e-book Price Fixing Case

Apple to Pay $450M in e-book Price Fixing Case

In 2013, a US Federal judge ruled that Apple conspired with major publishers to raise prices on e-books following the launch of the iBookstore. Now, a US Circuit Court of Appeals has upheld the decision. In a 2-to-1 ruling, the court concluded that Apple did, in fact, orchestrate a conspiracy to raise ebook prices. “We conclude that the district court …

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Bridgestone Executive Jailed For Price Fixing

Bridgestone executive Yusuke Shimasaki this week pleaded guilty to charges related to an international car part price-fixing and bid-rigging conspiracy. Two other Bridgestone executives, Yasuo Tyuto and Isao Yoshida, were also indicted this week for their roles in the conspiracy. Shimasaki will serve one year and six months in prison and pay a $20,000 fine. As part of the plea …

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Bridgestone fined $425 Million For Price Fixing

The U.S. Department of Justice today announced that Bridgestone Corp has agreed to plead guilty to charges related to automotive industry price fixing. The company will pay a $425 million fine for colluding to artificially raise prices on certain rubber vehicle parts. In agreeing to plead guilty, Bridgestone has admitted that it was part of a conspiracy to rig bids …

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Justice Department Takes Apple To Court Today Over E-Book Price Fixing Allegations

Over a year ago, Apple and a bunch of publishers were sued by the Department of Justice on allegations of e-book price fixing. Every publisher since then has settled, but Apple has decided to fight it out in court. But wait, what is this all about again? Sure, we know that it’s about e-book price fixing, but where does the …

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