Comment Lawsuit fodder (Score 1) 93
This is great fodder for lawsuits around competition / anticompetitive business practices, and consumer protection lawsuits.
On their face, individual agreements that lock in prices as a voluntary agreement are enforceable. However, an awful lot of laws kick in when they are more than an individual contract and from the story they're hitting 16 of the biggest ones, and therefore a lot of the market.
Depending on the market such as the country or the state, there are potentially enormous penalties that can be applied. For some laws, the fines can be 2x the gains. If these account for 40% of the company's revenue, the massive fines would mean 80% of their revenue for as long as the profiteering was on the books. In the short term while they grind through the courts they'll look like a windfall, in the long term when court rulings come down they'll look like bankruptcy, as potentially years of revenue get charged to massive fines.