China Influenced Vitamin C Cos.' Price-Fixing, Jury Told

Law360, New York (February 27, 2013, 7:56 PM EST) -- Chinese trade regulators could impose penalties against vitamin C manufacturers, including blocking them from selling to foreign customers, if they refused to participate in an industry group that allegedly forced them to fix prices and limit supply, a New York federal jury heard Wednesday.

Two executives of Aland (Jiangsu) Nutraceutical Co. Ltd., which avoided trial by settling last year for $10.5 million, described how China's Ministry of Commerce, known as MOFCOM, exerted its influence over the industry through a commerce chamber. The four companies on trial...
To view the full article, register now.