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...
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.