Robert Stein and David Farber, two financial investors who purchased municipal tax liens at New Jersey auctions, have pleaded guilty to bid-rigging. According to the charges, Stein and Farber sought to obtain municipal tax liens at non-competitive interest rates by conspiring with othes not to bid against one another: by law, the bid opens at 18 percent interest and can be driven down to zero through competitive bidding.
Source: DOJ Press Release
Featured News
Federal Court Hears Class-Action Suit Against NFL Over ‘Sunday Ticket’ Package
Jun 7, 2024 by
CPI
NCLT Approves Air India-Vistara Merger, Creating One of the World’s Largest Airline Groups
Jun 6, 2024 by
CPI
PGA Tour and LIV Golf in Active Talks to Finalize Merger
Jun 6, 2024 by
CPI
Minnesota Federal Judge Upholds Ruling in Pork Industry Antitrust Case
Jun 6, 2024 by
CPI
Antitrust Investigation Targets Major Pharma Companies in Italy
Jun 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Healthcare Antitrust
May 31, 2024 by
CPI
AI and Antitrust Considerations in U.S. Health Care
May 31, 2024 by
CPI
Uncertainty in the Bottom Line: New Antitrust Scrutiny and Enforcement in Private Equity Transactions
May 31, 2024 by
CPI
Effecting M&A Diligence When Competitors Are Involved
May 31, 2024 by
CPI
AI, Pharmaceutical Sector, and EU Competition Law and Policy: What Does the Future Look Like?
May 31, 2024 by
CPI