Price-fixing probe rattles heir-tracing industry
February 3, 2016
LegalNews - An industry that seeks out heirs to the newly deceased is under scrutiny
from the Justice Department, which is looking into whether price-fixing and other
anti-competitive practices have ripped off unsuspecting relatives. Two industry executives
and a California company have reached plea deals with federal prosecutors in Chicago
in the past month as part of an antitrust investigation that is likely to result in
additional criminal charges.
"The heir would be sitting there and getting, so to speak, 'offers' from these different
services," said Gerry Beyer, a Texas Tech University law professor and expert in estate
Read the story here.