Austrian High Court Affirms €1.5M Chemical Cartel Fine

Law360, New York (October 29, 2010, 4:09 PM EDT) -- Austria's highest court has upheld €1.5 million ($2.1 million) in fines against several printing chemicals producers for fixing prices and allocating customers for more than a decade.

The Austrian Supreme Court affirmed the penalties against Donau Chemie AG, DC Druck-Chemie Sud GmbH & Co. KG, Brenntag Austria Holding GmbH and Ashland-Sudchemie-Kernfest GmbH that were originally handed down by the Cartel Court in April, Austria's Federal Competition Authority, or BWB, said Friday.

BWB Director Theodor Thanner praised the decision, saying it demonstrated why companies should avoid cartels...
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