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Reports say lawyers have been forced to adapt as they recognize significant changes within Canada’s competition policy since the Competition Bureau’s current Commissioner John Pecman was first appointed last June. Pecman has been serving as interim commissioner since the resignation of former commissioner Melanie Aitken. According to reports, since Pecman has taken the post, he… Continue reading Canada: Lawyers adapt as Competition Bureau tightens grip

The US Federal Trade Commission is reportedly seeking $1 billion for so-called pay-for-delay schemes. The FTC said at a conference that the damages are being sought from pharmaceutical companies being sued by the regulator for paying generic rivals to delay the release of their cheaper competition onto the market. The US Supreme Court ruled last… Continue reading US: Government seeks $1B for pay-for-delay schemes

Swiss-based bank giant UBS has reportedly suspended six traders this week as the lender continues its internal investigation into allegations of manipulation of the foreign exchange market, according to a source. While UBS declined to comment on the matter, a source said up to six traders have been placed on leave as the bank continues… Continue reading Switzerland: Forex probes land new trader suspensions

Four major Silicon Valley tech companies are reportedly on their way to settling claims brought by thousands of employees accusing the companies of colluding to not hire each others’ workers. Apple, Google, Adobe and Intel were sued in 2011 by five software engineers accusing the companies of anticompetitive hiring agreements. A legal representative for Google… Continue reading US: Widespread claims of Silicon Valley hiring collusion headed for settlement

As the UK’s new competition watchdog, the Competition and Markets Authority, readies to begin operations this week, the head of the new regulator, Alex Chisholm, revealed his tough stance against cartels and offered insight into how the CMA will take on the new battle to crack down on the Big Six energy dominance. In his… Continue reading UK: New CMA begins operations, takes on energy sector

US District Judge Denise Cote ruled Friday to grant class certification to consumers suing Apple for its alleged role in fixing eBooks prices with major publishers, according to reports. Judge Cote described the lawsuit as a “paradigmatic antitrust class action” as she scheduled a trial to begin later this year. Reports say Apple could be… Continue reading US: Apple to face class action suits for eBooks price-fixing

Wal-Mart has officially filed its anticipated lawsuit against Visa over allegations the credit card giant colluded with banks to fix swipe-fees, after Wal-Mart was one of dozens of retailers to opt-out of a settlement offered by Visa and MasterCard over the claims. According to reports, Wal-Mart’s lawsuit claims damages reach as high as $5 billion.… Continue reading US: Wal-Mart sues Visa for swipe-fees

MM Steel has been awarded $52 million by a Texas judge in the company’s lawsuit against several major steel mills for allegations of anticompetitive collusion, say reports. The companies were accused of colluding to drive MM steel out of business by agreeing not to work with the firm. Reliance Steel & Aluminum, its subsidiary Chapel… Continue reading US: Steel firm wins millions in anti-collusion lawsuit

Top Israeli supermarket chains claim farmers and slaughterhouses have been manipulating chicken supplies to drive up prices for the last year-and-a-half, reports say. One unnamed senior grocery store executive told reporters that chicken suppliers “are running a cartel, which drove up prices by dozens of percentage points.” Making the allegations worse, however, is that Israel… Continue reading Israel: Supermarkets cry foul over chicken price-fixing

Internet service provider United Internet said Thursday that if Telefonica is going to acquire KPN’s E-Plus, rival wireless companies should be granted cheaper access to Telefonica’s network. Reports say United Internet sounded off on the $11.9 billion merger that would combine Germany’s third- and fourth-place wireless operators. The European Commission is currently reviewing the deal.… Continue reading Germany: ISP wants cheaper access to network with Telefonica buyout