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Bid-Rigging

Type: Keyphrase

Name: Bid-Rigging

First reported 18 hours ago - Updated 18 hours ago - 1 reports

Motions seek dismissal of suits based on tax sales

Defendants have filed more motions to dismiss class action lawsuits brought in Madison County Circuit Court over a scheme to rig bids in the annual tax sales under former County Treasurer Fred Bathon.One of the motions seeks to dismiss a suit filed by ... [Published Individual.com - 18 hours ago]

Entities: Class Action, Taxes, Dismissal, Antitrust

First reported 19 hours ago - Updated 19 hours ago - 3 reports

Ex-financial adviser gets probation for municipal bid-rigging

A former chief executive of a financial firm who pleaded guilty to charges related to bid-rigging in the municipal bond market was sentenced to two years probation on Friday by a judge who cited his cooperation with U.S. investigators. ... [Published FOXBusiness.com - 19 hours ago]

Entities: Bid-Rigging, Probation, Municipal Bond

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Bradken Ltd

Bradken may have to pay again in court

Bradken could be roped into a $US75 million law suit filed in New York arising from the bid-rigging affair that has already cost it over US$25 million. Matthew is a senior business writer based in our Melbourne bureau. ... [Published Australian Financial Review - May 16 2013]

Entities: Bradken Ltd, Bid-Rigging, Melbourne

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Dell lawsuit accuses optical disk drive makers of price-fixing

Round Rock-based Dell Inc. has filed a lawsuit that accuses Hitachi and at least five other companies that make optical disk drives of conspiring to fix prices of their products from 2004 to 2010.Dell alleges that the disk-drive makers rigged bids, shared ... [Published Austin American Statesman - May 15 2013]

Entities: Dell Inc, Price-Fixing, Lawsuit

First reported May 14 2013 - Updated May 15 2013 - 1 reports

Jersey City mayor's race headlines Tuesday's non-partisan elections

Voters in Jersey City will go to the polls today, bringing an end to an unusually bitter campaign fraught with mudslinging and accusations of scandal. The polls will be open from 6 a.m. to 8 p.m.Mayor Jerramiah Healy is trying to fend off a furious challenge ... [Published New Jersey Online - May 14 2013]

Entities: Jerramiah Healy, Steven Fulop, Elections, Jerry Walker

First reported May 14 2013 - Updated May 15 2013 - 1 reports

Katakis

Mortgage Crimes Prosecuted

Many mortgage-related crimes are committed by people who don't necessarily work for a mortgage lender -- though it is often the mortgage firm that takes the hit. Defendants include attorneys, investment bankers and real estate investors. In a guilty plea ... [Published Individual.com - May 14 2013]

Entities: Mortgages, Katakis, US Attorney, Kevin Guy, Dollar Bank

First reported May 14 2013 - Updated May 14 2013 - 1 reports

Dell Inc

Dell accuses Hitachi in lawsuit of conspiring to fix prices

Dell says disk-drive makers rigged bids, shared confidential information about pricing, sales and productionKaren GulloThe Dell Inc. headquarters in Austin, Texas, US. Photo: BloombergAlso ReadSan Francisco: Dell Inc., the world’s third-largest personal ... [Published Livemint.com - May 14 2013]

Entities: Dell Inc, Hitachi Ltd, Bid-Rigging

First reported May 14 2013 - Updated May 14 2013 - 1 reports

Commission sets civils firms’ fines

Raubex had reached agreement with the Competition Commission on the payment of a R58.8 million fine for contraventions of the Competition Act, the listed road construction and rehabilitation company confirmed yesterday.Listed construction company Stefanutti ... [Published Daily News South Africa - May 14 2013]

Entities: Civilization, Construction, Stocks, Shan Ramburuth

First reported May 14 2013 - Updated May 14 2013 - 1 reports

Select Committee reports back on Cartels Bill

Hon Craig FossMinister of CommercCommerce Minister Craig Foss today welcomed the Commerce Select Committee report on a Bill to encourage pro-competitive collaboration.The Commerce (Cartels and Other Matters) Amendment Bill promotes economic growth by ... [Published Scoop - May 14 2013]

Entities: Craig Foss, Cartel, Bid-Rigging, collaboration, Price-Fixing

First reported May 14 2013 - Updated May 14 2013 - 1 reports

The Lawyers Weekly quotes Antonio Di Domenico on the subject of bid-rigging fines

Fasken Martineau’s lawyers are quoted frequently on business and legal topics in newspapers, magazines and other media outlets worldwide. Our media relations team understands media deadline pressures to find credible sources fast. ... [Published Fasken Martineau - May 14 2013]

Entities: Bid-Rigging, Fasken Martineau - UK, Deadline

First reported May 13 2013 - Updated May 13 2013 - 1 reports

The Compliance Stepchild: Antitrust

ContactLet’s try and put this all in perspective. Last fiscal year, the Antitrust Division collected over $1 billion in criminal fines and sent a number of senior executives to prison. The Antitrust Division’s enforcement record is impressive and is ... [Published JD Supra - May 13 2013]

Entities: Antitrust, Stepchild, Illegal, Compliance

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Former turnpike employee waives preliminary hearing in Turnpike ?pay-to-play? scheme

Photo courtesy of Pa. Attorney General’s OfficeFormer turnpike employee Raymond Zajicek waived his right to a preliminary hearing on Monday in the ‘pay-to-play’ scheme involving former top officials of the Pennsylvania Turnpike Commission.Zajicek , 68, ... [Published FOX 43 - May 13 2013]

Entities: Bid-Rigging, Criminal, Conspiracy

Quotes

"My jaw is on the floor," Dernulc said. "I'm not saying Mr. Van Til is guilty. Let the courts decide that, but something needs to be done. This is the people's money..."

Van Til indicted for using public employees, resources for campaign work [Published NWI Times - 15 hours ago]

...He also said recently of the trading debacle, "Businesses make mistakes, they learn from it and get better." For the most part, we couldn't agree more

Why You Shouldn’t Invest in JPMorgan [Published Motley Fool Discussion Boards - 17 hours ago]

"I had no right to substitute my judgment for the rules" Kanefsky, 63, told the court on Friday. "Nothing excuses this."

Ex-financial adviser gets probation for muni bid-rigging [Published CNBC - 19 hours ago]

The complaint continues, "Despite JPMorgan's lack of morality when considering its own conduct, JPMorgan purports to be so ashamed of nudity and human sexuality that it cannot process a refinance of a home loan of plaintiff, secured by plaintiff's house, because plaintiff's source of income six years ago included production of television programs that contained nudity and human sexuality. JPMorgan has overlooked its own moral transgressions as it continues to mislead shareholders, mislead customers, manipulate markets and trade with enemies of the United States, but it is relentless in seeking to punish plaintiff for his former involvement in television programming involving human sexuality that JPMorgan purportedly finds to be shameful."

Chase Sued for Denying Porn King Loan on ‘Moral’ Grounds [Published AVN - May 15 2013]

More Content

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Van Til indicted for using public employees, re... [Published NWI Times - 15 hours ago]
Why You Shouldn’t Invest in JPMorgan [Published Motley Fool Discussion Boards - 17 hours ago]
Motions seek dismissal of suits based on tax sales [Published Individual.com - 18 hours ago]
Ex-financial adviser gets probation for municip... [Published FOXBusiness.com - 19 hours ago]
Ex-financial adviser gets probation for municip... [Published Reuters: Business News - 19 hours ago]
Ex-financial adviser gets probation for muni bi... [Published CNBC - 19 hours ago]
Bradken may have to pay again in court [Published Australian Financial Review - May 16 2013]
Chase Sued for Denying Porn King Loan on ‘Moral... [Published AVN - May 15 2013]
Dell lawsuit accuses optical disk drive makers ... [Published Austin American Statesman - May 15 2013]
Look Who's Talking, Porn Mogul Tells Chase Bank [Published Courthouse News Service - May 15 2013]
Stefanutti suffers from R323m fine [Published IOL - May 15 2013]
Charges stand against Bonilla [Published Individual.com - May 15 2013]
South Buffalo GOP voters have 3 choices [Published Pittsburgh Tribune Review - May 15 2013]
Edwards Wildman Client Advisory - New UK Compet... [Published Edwards Angell Palmer & Dodge - May 14 2013]
Mortgage Crimes Prosecuted [Published Individual.com - May 14 2013]
Dell accuses Hitachi in lawsuit of conspiring t... [Published Livemint.com - May 14 2013]
Jersey City mayor's race headlines Tuesday's no... [Published New Jersey Online - May 14 2013]
Commission sets civils firms’ fines [Published Daily News South Africa - May 14 2013]
Select Committee reports back on Cartels Bill [Published Scoop - May 14 2013]
Jersey City Mayor Dogged by Scandals Faces Ex-W... [Published Washington Post - May 14 2013]
Jersey City Mayor Dogged by Scandal Faces Ex-Bo... [Published Bloomberg - May 14 2013]
The Lawyers Weekly quotes Antonio Di Domenico o... [Published Fasken Martineau - May 14 2013]
The Compliance Stepchild: Antitrust [Published JD Supra - May 13 2013]
Former turnpike employee waives preliminary hea... [Published FOX 43 - May 13 2013]
Danville Man Facing New Charges, Monte Vista a ... [Published Danville Patch - May 12 2013]
Feds target Zeta cartel's laundered 'hobby' mon... [Published Houston Chronicle - May 12 2013]
New! [Published Alton Telegraph - May 11 2013]
Illegal sale of property is alleged in Tucson U... [Published Individual.com - May 11 2013]
Danville man faces obstruction charge in allege... [Published Marin Independent Journal - May 10 2013]
Judge: Change to law means Pike utility can kee... [Published Kentucky.com - May 10 2013]

Blogs

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Ex-UBS Executives Deserve More Than 11 Years [Published Here is the city - Business News - May 10 2013] Three former UBS executives convicted of bid-rigging should get prison terms ranging from more than 11 years to almost 20, U.S. prosecutors argued.... read more > ...
California man added to foreclosure auction ind... [Published Housing Wire - May 09 2013] Andrew Katakis was indicted with obstruction of justice related to a federal investigation into conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif. read more ...
Mirabile Dictu! JP Morgan Finally on Regulatory... [Published naked capitalism - May 03 2013] It’s been far too long in coming, but Jamie Dimon may finally be getting his comeuppance. A New York Times report reveals the Morgan bank is in the crosshairs of multiple regulators for poor controls and dishonest dealings with the authorities: Government ...
Here We Go Again: Builders Hold Lotteries for E... [Published Foreclosure Fraud - Fighting Foreclosure Fraud ... - May 01 2013] “We set up a big tent outside the sales office to handle the crowd,” said DePlaza. “We had them write out pink index cards and we put them in a tumbler. The first winner was so excited, she was crying.” To think she is crying now. Give it a year or so ...
Antitrust Feds Ring Up 30th Conviction In Ongoi... [Published The Home Equity Theft Reporter Cases & Articles - Apr 30 2013] From the United States Department of Justice (Washington, D.C.):A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern ...

Press Releases

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Northern California Real Estate Investor Indict... [Published Antitrust Division: Press Releases - May 08 2013]
New Jersey Investor Pleads Guilty for Role in B... [Published Antitrust Division: Press Releases - Apr 25 2013]
Record $30M Fine Obtained by Competition Bureau... [Published Marketwire - Breaking News Releases - Apr 18 2013]
Northern California Real Estate Investor Agrees... [Published Antitrust Division: Press Releases - Apr 16 2013]
Two Northern California Real Estate Investors A... [Published Antitrust Division: Press Releases - Mar 07 2013]