EU Fines Suez Environnement €8M For Broken Seal

Law360, New York (May 24, 2011, 12:51 PM EDT) -- The European Union's antitrust watchdog fined Suez Environnement Co. SA €8 million ($11.3 million) on Tuesday for breaking a seal investigators placed at a subsidiary's offices during a cartel probe of French water management companies.

The European Commission slapped Suez and its Lyonnaise des Eaux France SA unit with the penalty after a nearly yearlong investigation. The regulator's officials routinely use seals — which do not tear but display the words "OPEN VOID" when tampered with — to protect evidence at a company's headquarters after the...
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.