EU Probes Animal Feed Phosphate Cartel

Law360, New York (January 8, 2010, 1:16 PM EST) -- European antitrust regulators are targeting companies that produce phosphates used in animal feed, sending a formal notice to several companies suspected of participating in a cartel aimed at fixing prices of the product.

European Commission antitrust spokesman Jonathan Todd confirmed Friday that the commission had sent a statement of objections to phosphate producers in the animal feed industry, but declined to provide any further details, or name any of the companies involved.

A statement of objections is the first step in a commission antitrust investigation. Parties...
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.