Iconic American tuna brand Bumble Bee Foods agreed to plead guilty and pay a $25 million fine for conspiring to fix prices of canned seafood, the Justice Department of announced Monday. Bumble Bee, a 118-year-old brand well known in American supermarkets, allegedly worked with other companies to fix the prices of packaged tuna from 2011 … Read more
Apple has been found guilty of fixing the price of iPhones in Russia for several years. Russia’s antitrust regulator, the Federal Antimonopoly Service, said today that Apple’s local subsidiary coordinated the price at which businesses were allowed to sell its phones. If sellers tried to discount an iPhone, Apple would email them and ask for … Read more
Seventeen banks have been accused of rigging the price of South Africa’s currency, the rand. The country’s Competition Commission has called for big fines against the banking giants, which include HSBC and Barclays, after making a long list of serious and extensive allegations against them. The commission accused the banks’ foreign currency traders of conspiring … Read more
Five top modelling agencies and a trade association have been fined a total of £1.5m for colluding to fix charges. The Competition and Markets Authority (CMA) said they regularly and systematically exchanged information and discussed prices. The biggest fine was given to the Storm agency, which has used models like Kate Moss and Cara Delevingne. … Read more