In September, Wal-Mart was hit with three separate charges of predatory pricing. Government officials in Wisconsin and Germany accused the retailer of pricing goods below cost with an intent to drive competitors out of the market. In Oklahoma, Wal-Mart faces a private lawsuit alleging similar illegal pricing practices. … Read More
As the story above suggests, Wal-Mart routinely engages in predatory pricing. But the company would prefer not to break the law in the process. To this end, Wal-Mart has joined with Murphy Oil in an effort to repeal a Florida law that prohibits predatory pricing among gasoline retailers.
The two companies financed a "consumer" group, the Coalition for Lower Gas Prices, which contends the Motor Fuel Marketing Practices Act costs Florida consumers $150 million annually in higher gas prices. … Read More
A judge is expected to rule within weeks on whether a lawsuit filed by four independent video stores against Blockbuster Video and seven Hollywood studios may be certified as a class action suit. The suit charges Blockbuster and the studios with attempting to fix prices, a violation of the Sherman Act and California state law. The suit was filed last year in a Texas federal court. … Read More