E.U. Court Upholds Beer Cartel Fine

Law360, New York (February 8, 2007, 12:00 AM EST) -- Despite numerous appeals over the last six years by the company, the European Court of Justice forced French food manufacturer Groupe Danone to pay a € 42.41 million fine on Thursday for taking part in a beer cartel.

Danone’s former beer unit, Brouwerijen Alken-Maes NV, was fined more than € 44 million in 2001 after the European Commission found that it, along with Belgian beer maker Interbrew NV and the Confederation of Belgian Brewers, were colluding in the Belgian beer market.

The EC started a formal...
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.