Archive for the 'Conspiracy' Category
April 6, 2013
Yesterday, Canada’s Interim Commissioner of Competition, John Pecman, delivered remarks at the C.D. Howe Institute in Toronto – his fifth speech since taking the position of Interim Commissioner last fall (see: Remarks by John Pecman, Interim Commissioner of Competition). In general, his remarks reflected some fairly well known aspects of his views as an antitrust official, notably his focus on enforcement (a theme consistent with the previous Commissioner who stepped down last fall).
April 5, 2013
Yesterday, the Competition Bureau announced that in connection with its ongoing motor vehicle components cartel investigation, Furukawa Electric Co., Ltd. (Furukawa), a Japanese supplier of motor vehicle components, pled guilty and was fined $5 million by the Ontario Superior Court for participating in a bid-rigging agreement to relating to bids provided to Honda of Canada Manufacturing Inc. (see: $5M Fine for a Japanese Supplier of Motor Vehicle Components).
March 30, 2013
Yesterday the Japanese Fair Trade Commission announced that it had issued cease and desist orders and surcharge payment orders of about 13 billion Yen (about USD $141 million) against four bearing manufacturers (NTN Corporation, NSK Ltd., Nachi-Fujikoshi Corp. and JTEKT Corp.) for fixing the price of bearings (see: JFTC Issues Cease and Desist Orders and Surcharge Payment Order Against Bearing Manufacturers).
March 26, 2013
Earlier today, the European Commission announced that it has extended its credit default swaps (CDS) investigation to include the International Swaps and Derivatives Association (ISDA). In making the announcement, the Commission said:
March 22, 2013
Earlier today, the Competition Bureau announced that three individuals have been found guilty for their roles in the ongoing Quebec gas price-fixing case (see: Quebec Gas Price-fixers Found Guilty).
March 21, 2013
In a somewhat unusual but interesting case released yesterday, a U.S. appeals court in Louisiana upheld the ability of Benedictine monks to sell caskets in competition with and more cheaply than state funeral homes (for a copy of the decision see: here).
March 20, 2013
Grant Thornton has published a new white paper on construction fraud in Canada entitled: Construction Fraud in Canada: Understand It, Prevent It, Detect It.
March 18, 2013
Readers of this blog will know that I often write about bid-rigging (see for example: here, here, here, here, here, here, here and here). Frequently I write about a recent case, investigation, newly announced guilty plea, key types of bid-rigging and penalties and convictions (e.g., the elimination of conditional sentencing for bid-rigging).