Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.
A U.S. federal appeals court ruled that four Class I railroads must bear the burden on what internal documents can be excluded from two lawsuits about fuel surcharges and price fixing activity in the early 2000s.
The Biden administration plans to go after companies that may be using supply chain disruption to fix prices or overcharge customers.
Communications between the railroads about fuel surcharges can be included in legal proceedings pertaining to alleged price fixing that occurred in the early 2000s, a federal judge ruled Friday.
Federal agencies in a “friend of the court” filing say discussions among Class I railroads can be admissible as evidence in dozens of lawsuits involving alleged price fixing.
No actions or fines on regulation 371.3 in past seven years, data reveals
A former senior executive at Martinair has been sentenced to 14 months in prison for her role in a long-running air cargo price-fixing scheme.
Tribunal rules $6 billion class action against manufacturers DAF, Daimler/Mercedes, Iveco, MAN and Volvo/Renault can proceed.
Francis Alvarez, who operated a forwarding service in Houston, faces a maximum of 10 years in prison and a $1 million fine for violating the Sherman Act.
Dip Shipping will pay a criminal fine to settle an antitrust violation charge as part of an ongoing U.S. Justice Department forwarder price-fixing investigation.
Airline Garuda Indonesia has been ordered by an Australian court to pay A$19 million (US$13.14 million) in penalties for air cargo price fixing as part of a massive international cartel. Australian penalties of A$132.5 million (US$91.64 million) have so far been levied against 14 airlines.
Scania is the only truck maker fined by the European Commission (EC) in September to appeal that decision, and is maintaining its innocence against charges it participated in a cartel with other truck makers to fix pricing. The company has filed an official appeal against the EC decision.
