Germany Fines Reckitt €24M For Price-Fixing Scheme

Law360, New York (November 23, 2011, 6:29 PM EST) -- British consumer goods manufacturer Reckitt Benckiser Group PLC and a number of employees have been fined €24 million ($32 million) by the German competition authority for allegedly fixing dishwasher detergent prices and illegally sharing competitive information, the agency said Wednesday.

The Bundeskartellamt fined the company for two separate price-fixing schemes involving Henkel AG & Co. KGaA, Colgate Palmolive GmbH and other companies.

Reckitt allegedly coordinated price increases with German company Henkel four times between 2005 and 2007, the agency says. Henkel is not being fined because...
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