Cartel Fines Will Keep Rising, EC Says

Law360, New York (June 19, 2007, 12:00 AM EDT) -- The European Commission intends to continue raising fines against companies that are involved in cartels, despite recent criticism that overly high penalties will have an adverse effect on consumers, an EC spokesperson said Tuesday.

“The Commission's primary objective is to intervene to protect consumers from the effects of anti-competitive behavior, from which they suffer higher prices and reduced choice,” said Jonathan Todd, a spokesman for the European Commission.

The EC's penalties against cartels have gone up significantly in recent years, reaching €990 million in February against...
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