Tag: Bid-Rigging
U.S. Cartel Investigations: The Next Big Thing?
August 2019
CPI Cartel Column edited by Rosa M. Abrantes-Metz (Global Economics Group) & Donald Klawiter (Klawiter PLLC) presents:
U.S. Cartel Investigations: The Next Big Thing?...
New Zealand: Company to be prosecuted for real estate bid rigging
According to a report in the South China Morning Post, A company owned by New Zealand property tycoon Ron Hoy Fong is facing prosecution...
US: First individual defendant pleads guilty in ADRs investigation
Larry D. Meyers, the former head of the securities lending desk at Banca IMI Securities, pleaded guilty to a criminal antitrust charge for his...
US: NY Broker pleads guilty to bid rigging, again
Industrial and Commercial Bank of China Financial Services (ICBCFS) pleaded guilty to an antitrust charge and was sentenced to pay a criminal fine in...
US: DOJ to curb bid-rigging in government purchases
The US Justice Department plans to be more aggressive in pressing antitrust charges against companies that have rigged bids for government contracts, the agency’s...
Canada: Japanese auto parts maker fined US$1.3 million for bid-rigging
Japanese car parts manufacturer Inoac has been ordered to pay US$1.3 million for its role in an international bid-rigging conspiracy, after pleading guilty in...
US: Settlement in Tax sale Bid-Rigging suit upheld on appeal
The US Court of Appeals for the Third Circuit has rejected a challenge to a US$9.59 million settlement in a New Jersey class action...
Japan: Contractors admit bid-rigging on maglev project
General contractors Obayashi and Shimizu admitted on Tuesday, July 10, to their involvement in rigging bids for a high-speed magnetic levitation railway project, reported...
Canada: Comp Bureau seeks criminal bid-rigging convictions
Canada’s competition enforcer has criminally charged four individuals with divvying up engineering contracts awarded by the City of Gatineau. The Competition Bureau says criminal...
Hong Kong: IT firms taken to tribunal by competition regulator
The city’s antitrust regulator, the Competition Commission, has taken five information technology companies to the tribunal for alleged bid rigging involving a tender issued...
