Brazil's Antitrust Watchdog Takes On Metal Detector Cartel

Law360, New York (January 3, 2014, 3:52 PM EST) -- Brazil's antitrust enforcer on Monday brought a case against four companies and 10 individuals accused of fixing the price of metal detector systems sold to the country's banks for more than a decade.

Brazil's Administrative Council for Economic Defense, known as CADE, sent the case to trial before the agency's tribunal, saying that the companies conspired to limit competition in sales of metal detector systems to both public and private entities.

The case targets Beringhs Industria e Comercio Ltda. EPP, Ieco Desenvolvimento e Industria de Maquinas...
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