Three Lenders Agree to Antitrust Settlement

According to Attorney General Patrick Morrisey, the state of West Virginia will receive $950,000 through a settlement with three of the 22 institutions charged with allegedly rigging bids, fixing prices and manipulating the markets for municipal derivatives.  This officially brings the total … Continue reading

Posted in AntiTrust Law |

Export-Import Bank Employees Investigated for Big Rigging

Four officials with Export-Import Bank of the United States are being investigated by the U.S. House of Representatives’ oversight committee over allegations of bid-rigging. The committee has accused bank employees of accepting kickbacks, and in some cases, working to steer government contracts to favored … Continue reading

Posted in Bid Rigging |

U.S. Steel Agrees to Settlement in Price Fixing Lawsuit

U.S. Steel Corporation has agreed to pay $58 million in order to settle a 2008 lawsuit that accused the company of conspiring with others in a steel price fixing scheme.  The Pittsburgh based steelmaker continues to deny “any and all … Continue reading

Posted in Price fixing |

American Express Antitrust Trial to Begin Today

American Express will face off today in a trial against the United States government and 17 states over claims that it hinders competition from credit card providers that charge lower processing fees.  This trial is expected to last throughout the … Continue reading

Posted in AntiTrust Law |