Italy Fines 15 Cos. €81M In Body Care Antitrust Probe

Law360, New York (December 16, 2010, 3:40 PM EST) -- Italy's antitrust regulator has fined 15 companies — including units of Sara Lee Corp., L'Oreal and Johnson & Johnson — more than €81 million ($107 million) for an alleged long-running scheme to coordinate list prices sent to large retailers for cosmetic and health care products.

The highest fine, nearly €27 million, went to L'Oreal Italia SpA for its alleged role as one of the leaders in coordinating and maintaining collusion on the list prices for seven years, the Italian Competition Authority said Wednesday.

The watchdog named...
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