Sweden Seeks $1.3M In Fines For Tire Bid-Rigging

Law360, New York (November 24, 2010, 3:53 PM EST) -- Sweden's antitrust watchdog moved Wednesday to fine two tire companies about 9 million kronor ($1.3 million) for submitting collective bids for two public procurement contracts through a national trade group.

The Swedish Competition Authority issued proceedings against Dackia AB and Euromaster AB, claiming that the tire companies essentially operated a bidding cartel by using Svenska Dackforeningen, the Swedish Tire Association, to submit joint public tenders in 2005.

The companies sought to bid collectively for contracts to provide tires and related services to the National Police Board...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.