Heineken’s Dutch Cartel Fine Trimmed To €198 Million

Law360, New York (June 16, 2011, 4:43 PM EDT) -- A European Union court cut a €219 million ($311 million) cartel fine against Heineken NV and one of its subsidiaries to just under €198 million ($280 million) Thursday, but rejected most of the beer giant's efforts to toss the price-fixing penalty.

The EU's General Court also trimmed the European Commission's €22.85 million fine against Dutch brewer Bavaria NV to €20.71 million in a similar challenge to the antitrust watchdog's 2007 penalties for a beer cartel in the Netherlands.

In both cases, the judges concluded that 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.