Price Fixing Cases

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. This is a partial list of notable price fixing and bid rigging cases. On 1 August 2007 it was reported that British Airways has been fined £121.5 million for price-fixing. The fine was imposed by the Office of Fair Trading (OFT) after BA admitted to the price-fixing of fuel surcharges on long haul flights. The allegation first came to light in 2006 when Virgin Atlantic reported the events to the authorities after it found staff members from BA and Virgin Atlantic were colluding. Virgin Atlantic have since been granted immunity by both the OFT and the United States Department of Justice who have been investigating the allegations since June 2006. The US DOJ later announced that it would fine British Airways $300 million (£148 million) for price fixing. The allegations are thought to be linked to the resignation of commercial director Martin George and communications chief Iain Burns.