Coronavirus: FTC protects consumers from price gouging

FTC: Coronavirus: Scammers follow the headlines.

Scammers are taking advantage of fears surrounding the Coronavirus. They’re setting up websites to sell bogus products, and using fake emails, texts, and social media posts as a ruse to take your money and get your personal information.

Book: “Planned Obsolescence and the Rule of Law”

“This academic resource introduces planned obsolescence as a business strategy based on the design o planning, projection and control of the useful lifetime of numerous products in order to boost demand and stimulate consumption, encouraging individuals to purchase after the loss of functionality of its assets or its expiration. It also examines the most significant…

Antitrust Remedies for Labor Market Power (HLR)

Harvard Law Review DEC 10, 2018 Article by Eric A. Posner, Glen Weyl & Suresh Naidu “Recent research indicates that labor market power has contributed to wage inequality and economic stagnation. Although the antitrust laws prohibit firms from restricting competition in labor markets as in product markets, the government does little to address the labor market problem, and private litigation…

“La participación de un ‘no competidor’ en un cartel: experiencias comparadas de Estados Unidos, la Unión Europea y Colombia”.

En el número más reciente de la revista Derecho del Estado de la Universidad Externado De Colombia, se publicó el artículo “La participación de un ‘no competidor’ en un cartel: experiencias comparadas de Estados Unidos, la Unión Europea y Colombia”.   “El artículo presenta tres perspectivas comparadas en materia de protección de la libre competencia,…

No-poach agreements

“On April 3, 2018, the United States filed a civil antitrust Complaint alleging that Defendants Knorr-Bremse AG (“Knorr”) and Westinghouse Air Brake Technologies Corporation (“Wabtec”) entered into unlawful agreements not to poach each other’s employees in violation of Section 1 of the Sherman Act, 15 U.S.C. § 1. Specifically, the Complaint alleges that Knorr and…

Bid Rigging in School Bus Services

“Four owners of school bus transportation companies were sentenced today for participating in bid rigging and fraud conspiracies related to school bus transportation contracts in Puerto Rico, the Department of Justice announced. The jury found that they conspired to rig bids and allocate the market for public school bus transportation contracts in the municipality of…

U.S.: The end of net neutrality

“Today, the Federal Communications Commission scrapped the so-called #NetNeutrality regulations that prohibited broadband providers from blocking websites or charging for higher-quality service or certain content. The federal government will also no longer regulate high-speed internet delivery as if it were a utility, like phone service. ‘We are helping consumers and promoting competition,’ Mr. Pai said in…

FTC and DOJ: “we will hold accountable those who seek to illegally subvert competition and prey on those affected by Hurricanes Harvey and Irma”

“The Antitrust Division of the Department of Justice and the Federal Trade Commission (the “Agencies”) will hold accountable those who seek to illegally subvert competition and prey on those affected by Hurricanes Harvey and Irma. The Antitrust Division of the Department of Justice will criminally prosecute businesses involved in naked price-fixing, bid-rigging, or market-allocation agreements….

US: Online collusion

“This prosecution arose from an ongoing federal antitrust investigation into price fixing in the online promotional products industry. E-commerce company Custom Wristbands Inc. (aka Kulayful Silicone Bracelets, Kulayful.com, Speedywristbands.com, Promotionalbands.com, Wristbandcreation.com and 1inchbracelets.com) and its top executive Christopher Angeles have agreed to plead guilty for conspiring to fix prices for customized promotional products sold online…

New Handbook for Policymakers

CATO Handbook for Policymakers “The latest edition of the Cato Handbook for Policymakers (was) released last week […] There ought to be bipartisan agreement on undoing what we might call “regressive regulation”—regulatory barriers to entry and competition that work to redistribute income and wealth upward. […] Sometimes the best thing Congress can do on an issue is…

U.S. Improving regulation: 2 for 1

“President Trump on Monday signed an executive order that would require agencies to revoke two regulations for every new rule they want to issue. The executive order is aimed at dramatically rolling back federal regulations, one of his top campaign promises. “We want to make … life easier for small businesses,” he said, adding that it…

Bloomberg: Total de multas en 2016

Bloomberg law recogió el total de multas impuestas por persecución de carteles en varias jurisdicciones, para el 2016: EE.UU.: $387 millones USD Unión Europea: $4.1 miles de millones USD India: $941 millones USD Corea del Sur: $765 millones USD. En Colombia, según información publicada por la Superintendencia de Industria y Comercio, en 2016 se impusieron multas…

First Charges of Collusion in the Packaged Seafood Industry

Conspiracy to fix the prices of packaged seafood such as canned tuna. “Today’s charge is the first to be filed in the Antitrust Division’s ongoing investigation into price fixing among some of the largest suppliers of canned tuna and other packaged seafood,” said Acting Assistant Attorney General Renata Hesse of the Justice Department’s Antitrust Division….

For public comment: International Antitrust Guidelines

Until Thursday, Dec. 1, the DOJ and the FTC seek public comment on proposed Antitrust Guidelines for International Enforcement and Cooperation.   “The proposed guidelines update the 1995 Antitrust Enforcement Guidelines for International Operations and provide guidance to businesses engaged in international activities on questions that concern the agencies’ international enforcement policy as well as…

Prácticas de contratación de personal, restrictivas de la competencia

Guías dirigidas a reclutadores (HR) y empresarios La FTC y  el Departamento de Justicia de EEUU publicaron las guías de prácticas de contratación, para explicar cómo se aplican las leyes antimonopolio al ámbito del empleo. La afectación del mercado laboral por conductas tales como los acuerdos sobre los salarios que se ofrecerán, o para compartir información…

The effectiveness of antitrust law in globalized economy

The effectiveness of antitrust law in globalized economy “One study has demonstrated that prices were more likely to go up than down after an antitrust indictment. […] Reading through old cases does not induce great faith in the contemporary usefulness of 19th- and 20th-century antitrust laws. In most areas of manufacturing there is far more foreign…

US: Two rulings on the application of Foreign Trade Antitrust Improvements Act

US: Two rulings on the application of Foreign Trade Antitrust Improvements Act “A pair of district court rulings handed down Friday on the scope of U.S. antitrust law reinforce plaintiffs lawyers’ ability to sue foreign companies over claims that they fixed prices, even when the transactions at issue took place overseas. ‘It is sufficient that…

Bid rigging to obtain contracts meant for Small, Disadvantaged Businesses

“According to court documents, MCC and others conspired with two companies that were eligible to receive federal government contracts set asides for small, disadvantaged businesses with the understanding that MCC would illegally perform all of the work. In so doing, MCC was able to win 27 government contracts worth over $70 million from 2008 to…

US: E-commerce conspiracy

“Trod Ltd. pleaded guilty to fixing the prices of certain posters sold online through Amazon Marketplace from as early as September 2013 until in or about January 2014. According to the indictment, Trod Ltd. and its co-conspirators agreed to adopt specific pricing algorithms for the sale of certain posters sold on Amazon Marketplace, with the goal…

US: Bid rigging in foreclosure auctions

“Otto Gogolin admitted that he agreed not to bid against other real estate investors at certain public real estate foreclosure auctions in an effort to subvert the competitive process. […] conspirators artificially suppressed the prices of properties sold at certain public real estate foreclosure auctions by agreeing not to outbid one another and then made and…

US: Electrolytic Capacitors conspiracy

“The Antitrust Division has now charged five companies and one individual for their participation in this international price-fixing conspiracy. The electrolytic capacitors conspiracy affected millions of American consumers who use electronic devices containing capacitors every day. Electrolytic capacitors store and regulate electrical current in a variety of electronic products, including computers, televisions, car engine and…

Bid rigging: Software markets

“The two parties (MCCi LLC and VP Imaging Inc.) both resell Laserfiche software. They allegedly agreed not to compete against each other in Texas or solicit and hire each other’s employees. Most customers of these companies are tax-supported local government entities. ‘When the affected customers are public entities, taxpayers ultimately end up paying above market…

FTC e INDECOPI firman acuerdo de cooperación

La FTC (EE.UU.) y el INDECOPI (Perú) firmaron un acuerdo de cooperación para mejorar la eficacia en la persecución de conductas anticompetitivas en ambos países. “Destacan los siguientes ejes de cooperación: Cooperación en la detección de actividades anticompetitivas y en la aplicación de la normativa de libre competencia. Posibilidad de realizar consultas respecto de las…

Limitaciones a la libre empresa para limitar derecho de aborto

En el curso de esta semana, el Tribunal Supremo de los Estados Unidos revisará dos medidas adoptadas que limitan el derecho a abortar, por vía de regulación económica, en Texas (Whole Woman’s Health v. Hellerstedt) y en Louisiana (June Medical Services v. Gee). Se trata de restricciones que no operan directamente sobre el derecho a…

Obama: Las cualidades de un buen juzgador

Con ocasión del fallecimiento del juez Scalia, el día de hoy Barack Obama publicó en el blog del Tribunal Supremo de los Estados Unidos una entrada en la que describe las cualidades de quien, según él, debe ser elegido para decidir sobre los casos que afectan la economía, la seguridad y la vida de los…

14 indictments: Bid rigging in foreclosure auctions

  Real estate investors have been indicted for being part of a bid rigging scheme in Georgia’s foreclosure auctions. “They conspired with others not to bid against one another at public real estate foreclosure auctions on selected properties.” […] “The conspirators allegedly held secret ‘second auctions’ for properties they obtained through rigged bids, dividing the auction proceeds that…

“Beer drinkers sue to stop Anheuser-Busch InBev and SABMiller from merging”

“A lawsuit from 19 Oregonians, 3 Californians and one Washingtonian seeks to stop Anheuser-Busch InBev from buying SABMiller, on the grounds that it would create an unfair marketplace place for other beer companies, controlling consumers’ options. ‘Why do we want to allow one entity to control that market? I don’t think it’s good for consumers,…

Curso SIC: Fundamentos básicos para la protección de la competencia

La Superintendencia de Industria y Comercio publicó en su página web su curso virtual sobre fundamentos básicos para la protección de la competencia.   “El curso da una visión general de los fundamentos básicos para la protección a la competencia, se pretende conocer aspectos tales como las prácticas comerciales restrictivas, la competencia desleal administrativa, las…

Antitrust Stare Decisis

La American Bar Association publicó en su última edición de Antitrust Source (Oct. 2015) el artículo “Antitrust Stare Decisis”, en el cual se analiza la fortaleza de los precedentes relacionados con el régimen de competencia, particularmente a partir de la decisión Kimble v. Marvel Entertainment, emitida por el Tribunal Supremo de los Estados Unidos en junio…

Procaps vs. Pantheon antitrust litigation

“Anybody who litigates antitrust cases should pay attention to Procaps v. Patheon, currently pending in the Southern District of Florida.  It’s a debacle.  Procaps is getting crushed.  Morgan Lewis is running circles around Carlton Fields. […] Procaps S.A. is a Colombian pharmaceutical manufacturing and distribution company. Patheon, Inc. is a Canadian pharmaceutical development and manufacturing company.”…

Former E-Commerce Executive Charged with Price Fixing in the Antitrust Division’s First Online Marketplace Prosecution

Former E-Commerce Executive Charged with Price Fixing in the Antitrust Division’s First Online Marketplace Prosecution http://www.justice.gov/atr/public/press_releases/2015/313011.htm A former executive of an e-commerce seller of posters, prints and framed art has agreed to plead guilty for conspiring to fix the prices of posters sold online, the Department of Justice announced. A one-count felony charge was filed…