Japanese auto parts manufacturer Mitsubishi Electric has been fined $ 13.4 million after pleading guilty to participating
in illegal agreements with industry competitors to determine who would win certain calls for bids issued... [more] Full article
This week, the Consumer Federation of America's Mark Cooper sent a letter to the U.S. Senate Judiciary Committee's antitrust subcommittee, stating that American consumers lost over $ 200 million as a result of
this illegal agreement between Apple and the publishers.
They did this by fixing the consumer retail prices of the eBooks at levels above the $ 9.99 retail ceiling that prevailed immediately prior to the implementations of
this illegal agreement.»
As to the claims in contract and restitution he dismissed those on the basis that the claimant had relied upon
an illegal agreement and that although that agreement had not been carried through, this had not been the result of a withdrawal by the claimant but was due to other circumstances beyond his control and that accordingly the claimant could not recover.
The law appeared to be settled: it was not possible to invoke the reliance principle in constructive trusts cases, where there was
an illegal agreement.
Largely a result of monopoly providers who carve out
illegal agreements to set regional monopolies.
An illegal agreement among competitors to restrain trade is implied by this statement: «The policy of our area is not to allow salespeople from outside our town to show our listed properties.
The lawsuit alleged that the Association and its members entered into
an illegal agreement to fix the prices by agreeing to add a fixed inventory tax to each vehicle sold.
In essence, Zillow and the Co-conspirator Brokers have allegedly made
an illegal agreement regarding the display of Zestimates on Zillow's site.