Antitrust Lawsuit

Price Fixing Could Cost Consumers up to $300 Billion Annually

Price Fixing Could Cost Consumers up to $300 Billion Annually

Resale Price Maintenance Could Bankrupt Retailers

A Supreme Court ruling in 2007 has paved the way for price fixing among manufacturers. In what amounts to legalized antiturst, the law now enables manufacturers to set minimum prices for their products which retailers must adhere to, or risk losing the manufacturer as a supplier.

Recently, retailers have begun to complain publicly about the practice. One such retailer, Jacob Weiss of BabyAge.com, which specializes in children's gear and maternity clothing, has said that of their 465 suppliers, nearly 100 of them dictate the minimum price they can charge on their goods. The owner has said that this practice could put him out of business. Consequently, BabyAge is suing approximately half a dozen suppliers alleging price collusion.

The consumer doesn't benefit from this practice either. Supreme Court Justice Stephen Breyer estimated in his dissent in the case, that 'resale price maintenance' as it is also known, could cost consumers an additional $300 billion annually.

Industries reportedly most affected include baby products, pet food, home furnishings and consumer electronics.

AUG-19-08: Price-Fixing Makes Comeback After Supreme Court Ruling [WALL STREET JOURNAL: ANTITRUST PRICE FIXING]

Legal Help

If you or a loved one has suffered damages from suspected price fixing, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation. Related Law Suits

Antitrust Law Suit and Settlement

OSB Antitrust Law Suit and Settlement

Diamond Antitrust Law Suit and Settlement

$173M Settlement Reached in Chip Antitrust Suit Law Suit and Settlement

Hershey Co. et al. Law Suit and Settlement

Apple Inc. Law Suit and Settlement

CVS Mailing Law Suit and Settlement

Carnival Corp. et al. Law Suit and Settlement

Citizenship and Immigration Canada Law Suit and Settlement

Expeditors International of Washington, Inc. Law Suit and Settlement

See more stories from this source.

Class Action Law Suits

Newsworthy Law Suits
Defective Products Lawsuits
Discrimination Lawsuits
Drug & Medical Claims Lawsuits
Food & Dietary Supplement Lawsuits
Insurance Lawsuits
Malpractice Lawsuits
Personal Injury Lawsuits
Real Estate Lawsuits
Investment Fraud Lawsuits

Lawyers! Become an Approved Expert to Answer Questions.

Apply Now!
You'll get lots of targetted traffic to your website and new client leads!