price-fixing News

Pilgrim’s Pride CEO Indicted Over Alleged U.S. Chicken Price-Fixing

WASHINGTON/CHICAGO — The chief executive of Pilgrim’s Pride Corp, a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the Justice Department said on …

Teva’s Budding Blockbuster Drugs Lend Respite From Legal Concerns

Teva Pharmaceutical Industries Ltd. is preparing for a potential reckoning with the U.S. epidemic of opioid addiction. The drugmaker’s shares tumbled after it set aside $646 million to help pay legal expenses related to its alleged role in the abuse …

Suit: Generic Drug Makers Used Code to Fix Price Increases

BOSTON — Representatives of some of the nation’s largest generic drug manufacturers used code words to collude with competitors to divvy up market share and coordinate price increases according to a federal lawsuit. The code words were used in internal …

Justice Dept. Probes Claims of Poultry Price-Fixing

The U.S. Justice Department has opened a criminal investigation into allegations that chicken processors, including Tyson Foods Inc., Pilgrim’s Pride Corp. and Sanderson Farms Inc., conspired to fix prices. Prosecutors disclosed the grand jury probe in a court filing Friday …

Teva Is at Center of Drug Price-Fixing Case Filed by States

Teva Pharmaceutical Industries Ltd. helped mastermind a sweeping conspiracy among generic-drug makers to raise the price of medicines, according to a new antitrust lawsuit filed by states that stems from a five-year investigation of the companies. Teva’s stock fell. More …

Expedia Under Investigation by Utah Over Hotel Collusion Claims

Expedia Group Inc. is under investigation by the Utah attorney general for allegedly conspiring with the biggest U.S. hotel chains to suppress competition in online travel booking. The office is investigating whether Expedia conspired with Marriott International Inc., Hilton Worldwide …

Railroads Charged With Price-Fixing in Lawsuit

Oxbow Mining filed a federal antitrust lawsuit against Union Pacific and Burlington Northern Santa Fe, saying the railroads conspired to raise prices on customers like the Colorado coal mine that Oxbow runs. Oxbow said in the lawsuit that the two …