Price Fixing Class Actions
Price fixing is an anticompetitive practice involving a conspiracy between market leaders in an industry to set, maintain, or artificially increase prices. In some cases, consumers directly pay inflated prices. In others, the increased costs are passed through the chain of commerce through manufacturers and retailers, before expenses are ultimately passed on to consumers.
Price fixing can occur in any industry, including food, electronics, pharmaceuticals, building materials, and consumer goods. Through class actions, we seek to recover the amounts overpaid and deter anti-competitive conduct.
Our lawyers have expertise in price-fixing litigation and have been lead counsel in important, precedent-setting cases. We pursue claims involving conduct such as:
- Agreements to fix or maintain prices at high;
- Market allocation;
- Coordinated reductions in supply of the product, to keep it artificially rare; and
- Agreements to limit innovation and investments in development of new products.
In litigating these cases, we work with leading economists and other industry experts to determine whether anti-competitive activity has occurred and identify who is responsible, and quantify the harm suffered by both direct and indirect purchasers. This allows us to assess the extent of damages and pursue meaningful recovery on behalf of affected consumers and businesses.
Frequently Asked Questions
What is price fixing?
Price fixing is an anticompetitive practice involving a conspiracy between market leaders in an industry to set, maintain, or artificially increase prices.
Who may be affected by price fixing?
In some cases, consumers directly pay inflated prices. In others, the increased costs are passed through the chain of commerce through manufacturers and retailers, before expenses are ultimately passed on to consumers.
Contact Rochon Genova
Call Rochon Genova at 416-363-1867 or send us an email to set up a free consultation.
