UK Watchdog Axes Tesco Dairy Price-Fixing Claims

Law360, New York (April 30, 2010, 4:04 PM EDT) -- The U.K. Office of Fair Trading dropped several of its dairy price-fixing claims against Tesco PLC on Friday after the British grocery store chain agreed not to challenge the competition regulator's remaining findings in the antitrust case.

OFT's decision to drop its allegations over butter and milk pricing will also reduce the penalties for the dairies and grocery chains that had already settled the price-fixing contentions and suggests the long-running antitrust probe is nearing an end.

Citing the information Tesco has produced since OFT issued its...
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