Australia Settles Vitamin Price-Fixing Class Action

Law360, New York (November 2, 2006, 12:00 AM EST) -- An Australian court has approved a $30.5 million settlement with three pharmaceutical companies accused of fixing prices in the market for vitamins.

The Federal Court of Melbourne approved the settlement last Friday in Australia’s first ever class action brought against a cartel. It also approved reimbursement payments and out-of-pocket expenses for those who prepared evidence in the case.

The companies, Hoffman-La Roche Inc., BASF Corp. and Aventis Animal Nutrition S.A. were found to have fixed prices for animal vitamins in Australia during the 1990s.

“This settlement...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.