E.U. Court Trims Fat On Beef Cartel Fines

Law360, New York (December 13, 2006, 12:00 AM EST) -- A European court has slashed fines imposed three years ago by the country’s competition watchdog on French beef industry associations for their alleged participation in a price-fixing cartel.

The European Commission slapped six French meat federations with €16.7 million in fines in April 2003 after determining that the group had agreed in October 2001 to set a minimum price for some categories of beef and to suspend or limit imports of all types of beef into France.

The federations – made up of four associations representing...
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