Search Results for: price-fixing

The Supreme Court on Wednesday heard oral arguments in National Collegiate Athletic Association (NCAA) v. Alston, a case concerning whether the NCAA’s ban on education-related payments to student-athletes is a violation of antitrust law. Last year, the US Court of Appeals for the Ninth Circuit held that the NCAA could not categorically deny academic benefits [...]

The House decision to strip Marjorie Taylor Greene (R-Georgia) of committee assignments reflects a recent attempt to deal with a perceived failure in the marketplace of ideas. Oliver Wendell Holmes suggested in dissent over 100 years ago (Abrams v. United States (1919)) that the best way to arrive at the truth is by a “free [...]

China’s State Administration for Market Regulation (SAMR) issued new rules Sunday concerning digital platforms. These rules are expected to put pressure on large companies like online retailers Taobao and JD.com, as well as payment providers like WeChat Pay and Alipay. Included among the changes in the new rules is a ban on merchants requiring retailers on [...]

Amazon.com, Inc. was hit with a nationwide class action lawsuit Thursday in the District Court for the Southern District of New York alleging collusion and illegal price-fixing of e-books with some publishers. The plaintiffs are represented by law firm Hagens Berman that brought a similar case against Apple Inc. in 2011 and is a frequent whistleblower on e-book [...]

Microblogging social media company Parler on Monday sued Amazon for terminating its account on Amazon Web Services (AWS), an Amazon subsidiary and one of the largest cloud computing companies on the Internet. Parler’s complaint, filed in the US District Court for the Western District of Washington, where Amazon’s headquarters is located, alleges that Amazon terminated [...]

“Cheaper than water.” This is how Iraqis commented on the value of their lives after they learned that US President Donald Trump had pardoned the four Blackwater security contractors who had previously been sentenced over the death of 17 Iraqi civilians in the 2007 Nisur Square massacre. Sentences included life imprisonment for a first-degree murder. A child [...]

The US Senate Tuesday passed the Competitive Health Insurance Reform Act, repealing healthcare insurers’ federal antitrust immunity. The House of Representatives previously passed the law in September, and Senate approval will now send it to President Trump to sign. Many insurers were granted an exemption from federal antitrust law in 1945 with the passage of [...]

The Government Sponsored Enterprises (GSE) patch is likely to expire in January 2021. This change poses concerns to many individuals, as it would make access to mortgages more challenging for less qualified, but still worthy candidates. For background, the GSE patch overrides the 2013 Consumer Financial Protection Bureau (CFPB) rules intended to reduce the risk [...]

A few months ago, the pharmaceutical company Gilead Sciences set a price tag on their drug remdesivir, the first medication shown to be effective for treating coronavirus. The price was set at $520 per vial or $3,120 per treatment course. Experts have called the price “not exorbitant,” and some expected a higher price tag. Yet, [...]

A US District Court judge on Friday granted the federal government’s request to terminate a set of antitrust rules, the so-called Paramount Decrees, that “for over seventy years have regulated how certain movie studios distribute films to movie theaters.” The decrees, a result of the landmark 1948 Supreme Court case United States v. Paramount Pictures, Inc., [...]