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Price fixing

View Resource Twenty-eight states file lawsuit against the record industry

On Tuesday, August 8, 2000, 28 states, including New York and Florida, banded together to file a federal lawsuit against five of the largest record companies and three major music retailers, accusing them of fixing the prices of compact discs. The lawsuit charges the music companies Tower Records, Sony, BMG, Warner Music Group, and Universal Music with inflating the price of CDs by as much as $2,...