Grain Storage, Trading Cos. Settle Antitrust Probes

Law360, New York (June 6, 2011, 5:13 PM EDT) -- Four South African grain storage companies and two trading firms have agreed to pay nearly 21.2 million rand ($3.1 million) to settle price-fixing and market allocation probes in grain trading markets, the country's antitrust watchdog said Monday.

The settlement agreements come in two cases, one focusing on whether the storage companies were fixing daily rates for grain storage for the South African Futures Market and the other centering around claims that two grain traders had allocated territories and customers.

Far and away the biggest fine, of...
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