EU Raids Special Glass Cos. On Cartel Suspicions

Law360, New York (July 6, 2009, 12:00 AM EDT) -- The European Commission has confirmed that it conducted unannounced inspections in the special glass sector on suspicions that several companies have been running an illegal cartel.

Officials with the European Union's antitrust regulator inspected the industrial premises of a number of unnamed companies in the special glass industry on March 4, the agency said in a statement Friday.

“The commission has reason to believe that there may have been a violation in this sector of EC Treaty rules on restrictive business practices,” the agency said....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.