Search Results for: price-fixing

Yesterday, the CEOs of Amazon, Facebook, Google, and Apple testified before the House Judiciary Antitrust Subcommittee in a hearing on “Online Platforms and Market Power.” As Congress takes up the question of market power in the tech sector, the time is ripe to consider the issue in our broader economy. For decades, corporations in a [...]

When we talk about defunding the police, we focus on what we can see. We imagine hiring fewer cops to flock in subway stations and wander sidewalks. We picture fewer high-priced tanks and military-grade tools of war in our communities. But today’s policing infrastructure also spends millions of dollars on an invisible, sprawling data surveillance [...]

“In the pandemic economy, face masks are like bars of gold. Hoarders are hoarding them. Governors are bartering for them. Hospital workers desperately need them.” – Michael Schulman The N95 mask is very important armor in battling the COVID-19 pandemic. Instances of hoarding and black marketing of masks are rising in India. Healthcare personnel risk [...]

“The man who laughs has not yet heard the terrible news.” -Bertolt Brecht Any explicit comparisons of the Trump presidency with the Third Reich will elicit multiple cries of horror and execration across the United States, even when it had first been admitted that this American administration is similarly misleading and existentially dangerous. Nonetheless, to [...]

The Appellate Body is an important element of the Dispute Settlement System of the World Trade Organization (WTO), hearing appeals against the findings of the panel established by the Dispute Settlement Body (DSB). The Appellate Body (AB) ideally consists of seven members including the Chairman. But on 10th December 2019, this body went into crisis [...]

UK pharmaceutical giant Mallinckrodt filed suit against the US Department of Health and Human Services (HHS) and Centers for Medicare & Medicaid (CMS) on Tuesday to defend profitability of their drug, Acthar Gel Injection (Acthar). In their complaint, Mallinckrodt challenges a recent CMS decision that would alter the base date average manufacturer price (AMP) of [...]

Connecticut Attorney General William Tong filed a lawsuit Sunday against numerous pharmaceutical companies and individuals for conspiring to artificially raise prices on more than 100 generic drugs. The complaint was filed in the District Court for the District of Connecticut and names Teva Pharmaceuticals along with 19 other companies and 15 individuals who are senior [...]

The US Court of Appeals for the Second Circuit on Monday upheld the dismissal of a lawsuit brought by Anderson News LLC , a magazine wholesaler that was once the largest in the country, against six major publishing companies including Hearst and Time Inc. The Knoxville, Tennessee company, which began operations in 1917, operated as [...]

The European Commission  announced on Tuesday that it has fined  ASUS, Phillips, Denon & Marantz and Pioneer a total of €111 million (USD $129 million) in four separate cases for online price fixing in violation of EU competition regulations. The manufacturers are accused of compelling online retailers to offer their products at a minimum price under threats of [...]

In a unanimous opinion delivered Thursday, the US Supreme Court ruled that US courts do not have to defer to a foreign government’s interpretation of its own law. The decision overturned the lower court opinion, which said that the US government was bound by the foreign interpretation, as long as the interpretation was reasonable. In [...]