British Airways fined £58.5m for fuel price-fixing. British Airways is to pay a £58.5m fine for colluding with rival Virgin Atlantic on fuel surcharges
2013: Apple was found guilty of price fixing e-books with major online publishers. (Source: "Apple Found Guilty in E-Book Price Fixing Conspiracy," Time, July 10, 2013.)
2012: Barclays, UBS, Rabobank, and the Royal Bank of Scotland, among others, fixed the world's second-most important interest rate. The LIBOR rate is the basis for most other interest rates throughout the world. It closely follows the world's most important rate, the Fed funds rate.
2010 - 2014: The government fined Bridgestone $425 million for its price fixing in car parts. The four-year investigation found 26 companies that agreed to fix the prices of starter motors, seat belts, radiators, ball bearings, exhaust systems and up to 150 more parts. Companies agreed to $2 billion in fines. The European Commission charged another $1.3 billion on five makers.
BRUSSELS, Belgium — European Union regulators fined Heineken NV, Grolsch NV and Bavaria NV nearly 275 million euros ($370 million) on Wednesday for fixing Dutch beer prices. The fines, including a 219.3 million penalty to be paid by Heineken, pushes the total levied by the European Commission against cartels in 2007 to 2 billion euros ($2.7 billion), already surpassing last year’s record total.
1992: ADM fixed the price of lysine, an additive in corn and other animal feed, with its Japanese and Korean competitors. The whistleblower, Mark Whitacre was played by Matt Damon in the 2009 film, “The Informant."
HITACHI Automotive Systems Ltd (6501.T) agreed to plead guilty to fixing the price of shock absorbers installed in U.S. autos and to pay a criminal fine of $55.48 million, the Justice Department said in a statement on Tuesday.
Mitsubishi Electric and Hitachi Automotive, both based in Tokyo, pleaded guilty last year and were ordered to pay criminal fines of $190 million and $195 million, respectively, according to the statement. A total of 28 companies have agreed to pay more than $2.4 billion in fines, the U.S. said
Deutsche Bank to pay $38 million in US silver price-fixing case. illegally conspired with other banks to fix silver prices at the expense of investors
A man who built one of California's most successful food companies was sentenced to six years in prison for scheming to inflate tomato prices and deceiving consumers about his products' quality.