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Tag: deceptive pricing

Better Business Bureau Warns Northern Michigan of Phony Products | 9 & 10 News

Better Business Bureau Warns Northern Michigan of Phony Products | 9 & 10 News

The seller collected money but never made deliveries, or delivered poor quality products weeks or months late. The Better Business Bureau says counterfeiting costs the U.S. economy between $200 and $250 billion a year. “These counterfeiters are doing a better job of pricing their products at a discount that’s big enough that you want to […]

The Competition Bureau is Wide Awake: Hudson’s Bay Company to Pay $4.5 Million for Deceptive Advertising and Pricing Practices of its Sleep Sets | Lexology

The Competition Bureau is Wide Awake: Hudson’s Bay Company to Pay $4.5 Million for Deceptive Advertising and Pricing Practices of its Sleep Sets | Lexology

Hudson’s Bay Company has agreed to pay an administrative monetary penalty of $4,000,000 and $500,000 towards Competition Bureau costs to resolve a proceeding which started in 2017 relating to Hudson’s Bay Company advertising and pricing practices for its sleep sets The Competition Bureau (“Bureau”) initially took legal action against Hudson’s Bay Company (“HBC”) in 2017, […]

Drug court to try firms refusing to cut prices | The Express Tribune

Drug court to try firms refusing to cut prices | The Express Tribune

ISLAMABAD: The government is expected to take up the issue of hike in drug prices at its next cabinet meeting while it intends to move the drug court against all those pharmaceutical companies who refuse to lower prices of their medicines in line with the recent policy decision of the government. This was disclosed by the […]

Pharma stocks crash after US lawsuit over price manipulations | The Economic Times

Pharma stocks crash after US lawsuit over price manipulations | The Economic Times

The office of the attorney general of Connecticut unsealed documents, that ET has a copy of, which reveals initials and titles of individuals implicated in the conspiracy, industry “code words” and previously undisclosed emails from drug companies “brazenly discussing strategy to violate federal and state antitrust laws”. The Indian generic makers named in the lawsuit […]

Beshear Files Claim Against Drug Manufacturers for alleged Price Gouging | SurfKY News

Beshear Files Claim Against Drug Manufacturers for alleged Price Gouging | SurfKY News

FRANKFORT, Ky. (5/13/19) — Attorney General Andy Beshear filed two lawsuits seeking to recover ill-gotten gains from 23 drug manufacturers that skyrocketed the prices of more than 100 prescription drugs including those used to treat diabetes, epilepsy and cancer. In Franklin Circuit Court, Beshear filed suit against three of the largest insulin manufacturers, Eli Lilly, […]

Nevada joins other states in drug price-fixing lawsuit | Las Vegas Review-Journal

Nevada joins other states in drug price-fixing lawsuit | Las Vegas Review-Journal

Nevada Attorney General Aaron Ford has signed on to a lawsuit filed by 42 states and Puerto Rico against a long list of pharmaceutical companies, alleging price fixing and market manipulation that artificially increased costs for dozens of common generic drugs nationwide. The lengthy complaint names drugmakers including Teva Pharmaceuticals USA Inc., Pfizer Inc., Breckenridge […]

Consumers’ office says FirstEnergy amendment will lead to ‘price gouging’ | The Columbus Dispatch

Consumers’ office says FirstEnergy amendment will lead to ‘price gouging’ | The Columbus Dispatch

The office charged with defending Ohio consumers in utility matters says a House-added budget provision would subject 1.1 million FirstEnergy customers to “price gouging.” Among the many amendments added to the two-year budget bill is one changing the calculation of “significantly excessive earnings” for Akron-based FirstEnergy. This would change how the Public Utilities Commission of […]

Less Cereal in the Box: The Secret Inflation of Goods | Newsmax

Less Cereal in the Box: The Secret Inflation of Goods | Newsmax

Here is a WSJ headline of April 29, 2019: “S&P jumps 17% this year, as economy picks up without driving up prices.” As a student of the U.S. stock market I always wondered why major companies were able to report a healthy profit increase, yet admitted to no, or only meager, increases in sales. What […]

Ugly ‘truth’ of cosmetic industry | millenniumpost

Ugly ‘truth’ of cosmetic industry | millenniumpost

The cosmetic industry is thriving like never before, and reason is the need to look presentable and photo-ready all the time. This increase in demand for make-up products leads to surge pricing, as a result of which beauty addicts look for ‘discounts’ and ‘sales’… and that’s where counterfeit products come into play. A threat to […]

6 Orange County funeral homes lack price transparency online, violating state law, coalition says | Orange County Register

6 Orange County funeral homes lack price transparency online, violating state law, coalition says | Orange County Register

Progress is being made When the consumer groups began their compliance checks earlier this year, 23 funeral homes appeared to be violating the law. But knowledge of the survey has apparently encouraged most of them to begin listing prices. The coalition started its compliance surveys in Orange County but plans to expand throughout the Golden […]