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...
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