SK Energy, Vitol Anticompetitive Acts on California Gasoline Class Action

According to the complaint for this class action, a 2015 explosion at a Torrance, California refinery provided an opportunity for several companies to manipulate the gasoline market in that state, resulting in higher prices at the pump. The complaint names SK Energy Americas, Inc., SK Trading International Co., Ltd., and Vitol, Inc. as defendants. While  Read more

Torrance Refinery After Explosion

SK Energy, Vitol Manipulation of Gas Prices California Class Action

According to the complaint for this class action, a gasoline refinery explosion in Torrance, California, and the market disruption it caused, provided an opportunity for collusion scheme and higher prices in the gasoline market. The complaint alleges that various types of anticompetitive behavior resulted in higher prices for regular and premium gasoline in California, causing  Read more

Torrance Refinery After Explosion

Disposable Contact Lens Antitrust Settlement

Two defendants are settling an antitrust case about contact lens pricing, while three others are continuing the litigation. CooperVision, Inc. (CVI) and Bausch & Lomb, Inc. (B&L) have reached settlement agreements in a case claiming that five companies agreed to Unilateral Pricing Policies that set minimum prices and allegedly violated antitrust laws. The litigation is  Read more

Fed Cattle Market Price Reductions Antitrust Class Action

This antitrust class action brings suit against a number of beef packers for colluding to depress the prices of fed cattle. Because the packers earn their money from the “meat margin”—the spread between the price of fed cattle and the price at which the meat is sold—the companies allegedly decided to earn more by depressing  Read more

Beef Cattle in Field

Caustic Soda Makers Anticompetitive Actions Class Action

How do you raise prices for a substance in a market with low margins, declining prices, and an oversupply—like the one for caustic soda a few years ago? According to the complaint for this antitrust class action, some makers decided to take concerted, anticompetitive measures, from the fourth quarter of 2015 to the present.  Read more

Caustic Soda Flakes

Major Securities Dealers Fixing of Spread for GSE Bonds Antitrust Class Action

At times, government-sponsored enterprises (GSEs) issue bonds to fund what the complaint for this class action calls “economic and public policy mandates.” The complaint for this class action claims that dealers in these bonds conspired to fix their prices in a way that would earn the dealers more money, in violation of antitrust laws.  Read more

Example of Bond Certificate

Class Action Alleges Manipulation of VIX Derivatives Settlement Prices

This class action has no named defendants, just the designation “John Does”. The complaint alleges that someone is manipulating the final settlement prices of futures and options contracts linked to the Chicago Board Options Exchange (CBOE) Volatility Index (VIX), an act the complaint claims is a violation of the Sherman Antitrust Act, the Commodity Exchange  Read more

CBOE Sign on Building