EU Says It's Still Tough On Cartels Despite Drop In Fines

Law360, New York (June 8, 2012, 4:02 PM EDT) -- The roughly €2 billion ($2.5 billion) drop in the European Commission's antitrust fines since 2010 does not mean the watchdog has gotten softer on cartels in recent years, and a number of pending cases promise to boost those statistics, a top European antitrust official said Thursday.

The antitrust fines the agency has doled out have plummeted from a high of nearly €2.9 billion ($3.6 billion) in 2010 to €614 million ($765 million) in 2011 and €255 million ($318 million) as of March 28, according to agency...
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