Wire · founder news, decoded · regulatory
Federal Antitrust Enforcers Entreat State Attorneys General to Jointly Investigate Retail ...
The US DOJ and FTC have sent a joint letter to state attorneys general urging investigations into potential antitrust violations contributing to high retail gasoline prices, including price-fixing and coordinated supply restrictions. The coordinated federal-state push signals escalating antitrust scrutiny of energy markets and may trigger a wave of state-led investigations and private class action litigation.
The Wire takeaway
If you operate retail gas stations or fuel pricing software, federal and state enforcers are now coordinated on this sector and looking for evidence of collusion—private class actions are already filed. You need to audit your pricing systems and data-sharing practices now, before investigations land in your state.
Read the full story at jdsupra.com →
Topics: antitrust-enforcement · fuel-pricing · state-federal-coordination · price-fixing · retail-gas