Law360, New York (October 18, 2011, 4:59 PM ET) -- Germany's antitrust watchdog fined the German unit of Kraft Foods Inc. and Kruger GmbH & Co. along with two executives about €9 million ($12.3 million) Tuesday for allegedly fixing the price of instant cappuccino for both direct and indirect purchasers.
Kraft and Kruger were accused of engaging in telephone conversations between the end of 2007 and the beginning of 2008 during which they agreed to increase the cost of packs of instant cappuccino by 20 to 40 cents, according to the watchdog.
“Such arrangements cause considerable...
Germany Fines Kraft, Others €9M For Cappuccino Cartel
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