EU Fines Reflex, Flamco €13M In Settled Cartel Probe

Law360, New York (June 27, 2012, 5:50 PM EDT) -- The European Commission has imposed a pared-down €13.67 million ($17 million) in fines over an alleged price-fixing scheme involving Reflex Winkelmann GmbH & Co. KG and Flamco GmbH after the companies agreed to settle, the EC said Wednesday.

Flamco, Reflex and a company called Pneumatex operated a cartel on the German market from June 2006 through May 2008, and for three months in 2006, Reflex and Pneumatex expanded their anti-competitive behavior to 13 other European Union states, the EC said.

Pneumatex avoided being fined because it...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.