Justice uses spy tactics to unlock global price fixing

Article Abstract:

Price-fixing investigations by federal agencies have become more aggressive, with heretofore unheard-of tactics being used, such as hidden cameras, wiretaps, body wires, FBI raids and undercover informants. The Justice Dept announced that federal grand juries are reviewing evidence in probes of about 30 industries. Federal government officials note that US consumers get bilked each time companies within any industry collude to fix prices. Furthermore, it appears that globalization is allowing even foreign firms to engage in price fixing. The Justice Dept's shift to the scrutiny of international cartels in 1994 has led to billions of dollars in criminal fines since 1997.

---

Foreign lack of vigilance hinders global trustbusting

Article Abstract:

Antitrust defense attorney Joe Linklater observes that there is a completely different attitude toward cartels outside of the US. Uneven enforcement of antitrust laws worldwide has made international price fixing cartel-busting considerably more difficult. However, foreign governments are beginning to cooperate across borders to combat price fixing. Furthermore, Justice Dept officials have become more creative in catching international price fixers.

---

Highchair, crib maker faces penalty

Article Abstract:

Columbus, IN-based Cosco will pay $1.3 million to settle charges that it failed to report the injuries and death involving five recalled prpoducts. Its sister company, Safety 1st of Canton, MA, will pay $450,000 for failing to report problems with two products. Cosco's penalties are the highest ever for a children's product maker and are equal to the record for a consumer products manufacturer.

Metal Household Furniture Manufacturing, Infants' High Chairs, Cosco Inc., High chairs

Similar abstracts:

• Abstracts: Class-action lawsuits get boost from judge's finding. Torrent of lawsuits could follow ruling by judge. Failed deal may slam PC makers
• Abstracts: Coke settles racial discrimination lawsuit. NHTSA investigating Goodyear truck tires. Former Cendant execs plead guilty to fraud
• Abstracts: Medicare vows to pay doctors more. Easing doctor oversight raises questions
• Abstracts: La Guardia lottery aims to reduce flight delays. FAA targets wires in hard to reach areas. Hurdles challenge new N.Y. flights
• Abstracts: Trinkets and surprises in a fighting game. Romping inside dolphin's skin in a 3-D undersea playground. A shoot-'em-up that leaves you laughing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.