E.U. Strikes Norwegian Recycling Firm With €24M Fine

Law360, New York (March 29, 2006, 12:00 AM EST) -- The European Union slapped Norwegian recycling firm Tomra Systems ASA with a stinging €24 million fine Wednesday for violating antitrust regulations by warding off competitors from 1998 to 2002.

The Commission found that Tomra restricted competition on the market for reverse vending machines in Austria, Germany, the Netherlands, Norway and Sweden by using an exclusionary business strategy.

E.U. spokesman Jonathan Todd said the level of the fine, which is 7% of Tomra’s global revenue, indicated the gravity of the company’s deliberate actions to boot out competition....
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