Retail Price-Fixing Court Case Decision Worries eBay
About a couple of years ago, a court decision was made that would give manufacturing companies the power to decide what the minimum price for their goods should be. This could potentially affect online retail companies too.
eBay, the Burlington Coat Factory, and the U.S. Federal Trade Commission are pushing to have the court decision overturned. The decision ruled that price-fixing is not a violation of U.S. anti-trust laws.
The Supreme Court decision made was in a court case called Leegin Creative Leather Products vs. PSKS. eBay VP Ted Cohen has been calling on Congress to pass a bill called the Discount Pricing Consumer Act which would prevent vertical price-fixing.
[via PCW]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry