Lmst

Billionaire Weston thieves will soon pay for stealing from average Canadians using their bread price fixing scam. "Some Canadian shoppers may soon receive cash from a classaction lawsuit that accused Loblaw Cos. Ltd. and its parent company George Weston Ltd. of engaging in an industrywide scheme to fix the price of bread. Ontario Superior Court Judge approved a $500million settlement in the case on May 7" #pricefixing #stealing #theft #weston #loblaws #canada https://www.cbc.ca/news/business/judge-approves-500-million-settlement-loblaw-bread-price-fixing-1.7543680

15 #hotels in #Tokyo investigated by #FTC over possible #pricefixing
🤦‍♂️"meeting monthly to ex🔺️ info incl #occupancy, ave room fees charged & project'ns re'g future #pricing 🔺️s. Ref'd by hotels as "front reservation meetings” e practice had been going for #decades.. consists of Imperial, New Otani, Okura, Hyatt Regency, Metropolitan, Keio Plaza, Cerulean Twr Tokyu, Chinzanzo, Asakusa View, Palace, Royal Park, Dai Ichi, Prince Park Twr, Grand Nikko Daiba & Sheraton Miyako"
https://soranews24.com/2025/04/19/15-famous-hotels-in-tokyo-investigated-by-fair-trade-commission-over-possible-price-fixing/

#LawlessInAmerica

#Trump #Administration Retreats From White-Collar #Criminal Enforcement🤦‍♂️
"incl'g cases involving foreign #bribery, public #corruption, money #laundering & #crypto mkts.. effectively redefining what biz conduct constitutes a #crime.. Bondi & oth snr officials clean house at #Justice Department, swapping out & sidelining career supervisors who were responsible for charging crimes such as corruption, #pricefixing & #securities #fraud"🧐
https://www.msn.com/en-us/money/companies/trump-administration-retreats-from-white-collar-criminal-enforcement/ar-AA1CR4fd

When will consumers wake up and realize they have control over suppliers pricing? #BoycottEggs #PriceFixing #Greedflation wapo.st/42phgUL

As egg prices soared at the su...

Real Page, the rental #pricefixing software, sues the City of Berkeley claiming the company's First Amendment rights were violated by the city banning landlord use of the software. https://www.siliconvalley.com/2025/04/02/realpage-rent-algorithm-berkeley-lawsuit/

Don't forget about these assholes in all this mess...

https://blundervalley.ca/blog/tacit-collusion-groceries/

#canada #grocery #pricefixing

This makes me angry, and I don't even live in the US. Does this kind of thing happen in Europe too?

https://pluralistic.net/2025/01/25/potatotrac/

#pricefixing #pricegouging #UnregulatedCapitalism

"This is just #pricefixing, with an app. The fact that they don't sit around a table and openly discuss pricing doesn't keep this from being price-fixing.
What's more, they admit it. A director at McCain said that "higher ups" forbade anyone in the company from competing on price…they'd "never seen margins this high in the history of the potato industry." Lamb Weston's CEO attributed a 111% increase in net income to "pricing actions.""

#Oligopolies #Inflation

https://pluralistic.net/2025/01/25/potatotrac/#carbo-loading

"These companies have been hiking prices for years, but really started to turn the screws during the post-covid inflationary period. One of Schwenk's sources is Josh Saltzman, owner of the DC sports bar Ivy and Coney. Ten years ago, Saltzman charged $3 for fries; now it's $6 – and Saltzman's margins have declined. Saltzman has a limited number of suppliers, and they all get their potatoes from Big Potato, and they bundle those potato orders with their other supplies, making it effectively impossible for Saltzman to buy his potatoes from anyone else.

Big Potato controls 97% of the frozen potato market, and any sector that large and concentrated is going to be pretty cozy. The execs at these companies all meet at industry associations, lobbying bodies, and as they job-hop between companies in the cartel. But they don't have to rely on personal connections to rig the price of potatoes: they do it through a third-party data-broker called Potatotrac. Each cartel member sends all their commercially sensitive data – supply costs, pricing, sales figures – to Potatotrac, and then Potatotrac uses that data to give "advice" to the cartel members about "optimal pricing."

This is just price-fixing, with an app. The fact that they don't sit around a table and openly discuss pricing doesn't keep this from being price-fixing. What's more, they admit it. A director at McCain said that "higher ups" forbade anyone in the company from competing on price. A Lamb Weston exec described the arrangement as everyone "behaving themselves," chortling that they'd "never seen margins this high in the history of the potato industry." Lamb Weston's CEO attributed a 111% increase in net income to "pricing actions.""

https://pluralistic.net/2025/01/25/potatotrac/#carbo-loading

#USA #Monopolies #Oligopolies #PriceFixing #Inflation

FTC alleges Pepsi engaged in illegal price discrimination with ‘big box retailer’

https://www.cnn.com/2025/01/17/business/pepsi-walmart-ftc-prices/index.html

#ftc #pepsi #smallbusiness #smb #smallbusinesses #pricefixing #anticompetitivebehavior #pepsico #fritolay

The complaint from #Aetna, which is owned by healthcare conglomerate #CVSHealth, follows multiple suits by a coalition of state attorneys general alleging #PriceFixing for #GenericDrugs. #DrugManufacturers #Lawsuit https://buff.ly/4h4Oj5Z

The White House Estimates #RealPage Software Caused U.S. Renters To Spend An Extra $3.8 Billion Last Year #rentFixing #priceFixing #antitrust
https://finance.yahoo.com/news/white-house-estimates-realpage-software-153016197.html

Proposed class-action lawsuit accuses companies of price-fixing rents in Canada
A proposed class-action lawsuit alleges more than a dozen landlords and property managers have conspired to artificially inflate rents across Canada. The suit claims they did it by using a piece of software called YieldStar.
#pricefixing #rent #lawsuit #Canada #News #Business
https://www.cbc.ca/news/business/rent-prices-canada-proposed-class-action-yieldstar-1.7405434?cmp=rss

#PriceFixing

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