A California real estate investor has pleaded guilt to price-fixing at public foreclosure auctions to the Department of Justice. Normal Montalvo apparently conspired to pre-select winning bids for certain properties up for auction. Prosecutors say the consequences of the bid-rigging included “damaging” the real estate market. The charges pertain to events from June 2008 to September 2010; Montalvo is the 26th person to plead guilty to bid-rigging in the DOJ’s investigation in Northern California.
Featured News
Epic Games Drops Suit Against Samsung in Antitrust Case, Google Remains in Crosshairs
Jul 7, 2025 by
CPI
Former FTC Antitrust Leader Returns to Covington & Burling in Leadership Role
Jul 7, 2025 by
CPI
SEC Issues New Guidance for Disclosing ETPs
Jul 7, 2025 by
CPI
AI Company Buys Bitcoin Miner in $9 Billion Deal to Expand Data Power
Jul 7, 2025 by
CPI
Turkey’s Competition Regulator to Use AI to Combat Algorithmic Price Fixing
Jul 7, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – eDiscovery & Antitrust
Jun 30, 2025 by
CPI
Off-Channel and Ephemeral Messaging in Antitrust Investigations: Legal Risks, Regulatory Focus, and Ediscovery Challenges
Jun 30, 2025 by
Daniel Rupprecht & Tristan Jenkinson
Encrypted Messaging in the Crosshairs: Compliance, Legal Risks, and Global Perspectives
Jun 30, 2025 by
Corey Bieber & Guillermo Christensen
Ephemeral and Encrypted Messaging: DOJ Expectations, Compliance Risks, and Best Practices
Jun 30, 2025 by
Megan Gerking, Joe Folio, Haydn Forrest & Adrienne Irmer
Antitrust Litigation in the Age of GenAI
Jun 30, 2025 by
Robin Perkins & Tom Gricks