Wal-Mart admits no wrongdoing and will not pay a fine in a settlement reached with the Wisconsin Department of Agriculture, Trade, and Consumer Protection over a predatory pricing complaint filed by the agency last year. The company will, however, face double or triple fines for any future violations, according to the terms of the agreement. The complaint accused Wal-Mart of selling butter, milk, laundry detergent, and other staple goods below cost at stores in Beloit, Oshkosh, Racine, Tomah, and West Bend. … Read More
In late April, the American Booksellers Association (ABA) settled its antitrust case against Barnes & Noble and Borders Books for $4.7 million. The lawsuit charged the two chains with using their market power to bully publishers and wholesalers into providing special discounts and favorable terms that were not made available to independent bookstores.… Read More
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