Thread: Lawyer argues that price fixing is not illegal
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Old 09-10-2012, 11:36 AM   #4
TimW
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Judge Cote addressed this on pg. 40 of the document giving approval for the settlement:
Quote:
...even if Amazon was engaged in predatory pricing, this is no excuse for unlawful price-fixing. Congress "has not permitted the age-old cry of ruinous competition and competitive evils to be a defense to price-fixing conspiracies." Socony-Vacuum Oil Co., 310 U.S. at 221. The familiar mantra regarding "two wrongs" would seem to offer guidance in these circumstances.
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