German Court Halves €650M Cement Cartel Fines

Law360, New York (June 29, 2009, 12:00 AM EDT) -- A German court has slashed the €650 million ($914 million) in fines the country's cartel office leveled six years ago against five of the world's biggest cement makers — including HeidelbergCement AG — to nearly €330 million ($464 million), citing problems with the data used to set the fines.

The Antitrust Division of the Oberlandesgericht in Dusseldorf, Germany, cut the fines almost in half Friday both because the companies had cooperated with the regulators and because of missing data in the evidence used to estimate the...
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