Price fixing

May 20, 2008 -- Washington, D.C.- Speaker Nancy Pelosi released the following statement today on H.R. 6074, the Gas Price Relief for Consumers Act, which passed the House by a vote of 324 to 84, despite a veto threat:

“The House today with a strong bipartisan and veto-proof margin voted to hold foreign oil cartels and Big Oil accountable.

“The legislation provides the Justice Department with a critical tool to pursue antitrust actions against OPEC-controlled entities for fixing prices and creates a new Justice Department Petroleum Industry Antitrust Task Force to examine anticompetitive market practices in the oil industry. It also requires that the mergers of Big Oil companies in recent years be examined for anticompetitive effects.    » read more »

Agreement Settles Bid-Rigging Charges With Insurer

January 29, 2008 -- HARRISBURG - A multi-state agreement was reached today with a large insurance carrier involved in a "pay to play" scheme devised by insurance broker Marsh & McLennan.

Pennsylvania Attorney General Tom Corbett said that American International Group, Inc. (AIG) agreed to pay a multi-state task force $12.5 million in settlement of the states' claims. Pennsylvania will receive $2.6 million.    » read more »

Company and subsidiaries settle multi-state bid-rigging and price-fixing claims

January 29, 2008 -- TALLAHASSEE, FL – Florida Attorney General Bill McCollum, Chief Financial Officer Alex Sink and Insurance Commissioner Kevin McCarty today announced that Florida has reached a settlement with a large insurance carrier involved in a “pay-to-play” tactic used by Marsh & McLennan and other insurance brokers.    » read more »

November 8, 2007: (Baton Rouge, LA) — Louisiana Attorney General Charles C. Foti, Jr. announced today that his office has filed suit against Allstate Insurance Company, Lafayette Insurance Company, Xactware, Inc., Marshall & Swift/Boeckh, LLC, Insurance Services Office, Inc., State Farm Fire and Casualty Company, USAA Casualty Insurance Company, Farmers Insurance Exchange, Standard Fire Insurance Company and McKinsey & Company for alleged violations of the Louisiana Monopolies Act.    » read more »

November 8, 2007: (Baton Rouge, LA) — Louisiana Attorney General Charles C. Foti, Jr. announced today that his office has filed suit against Allstate Insurance Company, Lafayette Insurance Company, Xactware, Inc., Marshall & Swift/Boeckh, LLC, Insurance Services Office, Inc., State Farm Fire and Casualty Company, USAA Casualty Insurance Company, Farmers Insurance Exchange, Standard Fire Insurance Company and McKinsey & Company for alleged violations of the Louisiana Monopolies Act.    » read more »

Lawsuit is second filed within past year, cites egregious misconduct

May 24, 2007 -- TALLAHASSEE, FL – As Floridians and citizens across the country are faced with dramatically increasing prices at the gas pump, Florida Attorney General Bill McCollum today filed a lawsuit against a Panhandle company and its president alleging charges of gasoline price fixing. Ryan E.    » read more »