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Tag Archives: antitrust

States settle with manufacturers in DRAM price-fixing case

JACKSON — Consumers can now file claims to recover money due to court preliminary approval of multi-state settlements worth $310 million with all the major manufacturers of dynamic random access memory (DRAM) computer chips for conspiring to fix their prices, according to Attorney General Jim Hood. All settling states, including Mississippi, will have access to the $310 million for consumer ...

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Court dismisses Eaton's claims involving Peters, DeLaughter

JACKSON — The Supreme Court of Mississippi, in a unanimous en banc decision, has affirmed the dismissal with prejudice of all of Eaton’s claims against the Triumph Group Inc, its subsidiary, Triumph Actuation Systems LLC and certain employees, according to Triumph. In upholding the dismissal, the Court concluded that the evidence clearly and convincingly showed that Eaton knew that its ...

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Cal-Maine's bottom line impacted by antitrust settlement

JACKSON — Cal-Maine Foods Inc., for the fourth quarter of fiscal 2013, saw net sales of $325.9 million compared with net sales of $275.2 million for the fourth quarter a year ago. The egg company reported a net loss of $3.8 million, or $0.16 per basic share, for the fourth quarter of fiscal 2013 compared with net earnings of $37.3 ...

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Cal-Maine settles anti-trust lawsuit filed in Pennsylvania

JACKSON — Egg producer Cal-Maine Foods Inc. said today that it agreed to settle egg antitrust class action claims for $28 million pretax. The claims were filed in Pennsylvania federal court. Class members can opt in or out of the settlement. The class-action lawsuit alleges that Cal-Maine and some producers of shell eggs and egg products conspired to decrease the ...

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Entergy utilities receive green light for MISO — Regulators clear path for $1.4 billion in projected customer savings

NEW ORLEANS – Paving the way for significant customer savings, regulators in New Orleans and Mississippi today issued decisions supporting proposals by the Entergy operating companies they regulate to join the Midwest Independent Transmission System Operator, or MISO, in December 2013. These actions complete all of the retail regulatory decisions needed for the six Entergy operating companies to move forward ...

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Entergy cleared to buy plants, but antitrust investigation continues

JACKSON — Federal officials say Entergy Corp. can buy two power plants from KGen Power Corp. for $523 million, but say the antitrust investigation of Entergy is not over. >>> Entergy utilities receive green light for MISO — Regulators clear path for projected customer savings In making the announcement yesterday, the Department of Justice’s antitrust division indicated that it believes ...

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The First buying eight Whitney bank branches

HATTIESBURG and GULFPORT — Executives of The First Bancshares Inc., Whitney National Bank and Hancock Bank of Louisiana announced that a subsidiary of The First Bancshares, The First, A National Banking Association, has entered into a branch purchase and assumption agreement with Whitney National Bank and Hancock Bank of Louisiana to acquire seven Whitney branches located on the Mississippi Gulf ...

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Verizon Wireless buys Centennial assets

SOUTH MISSISSIPPI — Verizon Wireless has purchased from AT&T certain operating assets of Centennial Communications Corp. in Louisiana and Mississippi for $235 million. The transaction was agreed to last year by Verizon Wireless and AT&T and satisfies certain divestiture requirements of the regulatory approvals needed for AT&T to complete its acquisition of Centennial Communications. The purchase includes Centennial’s spectrum licenses, ...

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States reach $173M settlement in DRAM lawsuit

JACKSON — Attorney General Jim Hood, along with 32 state attorneys general, announced a $173-million settlement against six world-wide manufacturers of Dynamic Random Access Memory computer chips (DRAM) after the companies “devised an elaborate scheme to raise prices” on their products,” according to Hood. The settlement requires the companies to refrain from illegal price-fixing and to conduct employee-compliance training. Approximately ...

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Intel talking to FTC about settling antitrust case

SANTA CLARA, Calif. — Intel says it is in talks with the Federal Trade Commission over settling an antitrust case against the chip maker. In December, the FTC filed charges against Intel Corp., accusing it of practicing illegal sales tactics that have hampered competitors and kept prices for computer chips artificially high. This week, the FTC and Intel agreed to ...

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