EU Launches Probe Into North Sea Shrimp Traders

Law360, New York (July 13, 2012, 1:59 PM EDT) -- The European Union's antitrust watchdog lodged formal complaints Friday against four traders of North Sea shrimp, accusing the companies of operating a cartel to fix prices and allocate markets in Belgium, France, Germany and the Netherlands.

“We all enjoy a good shrimp cocktail, but whether they are grilled or fried, consumers may feel a bad aftertaste if it turns out that there has been a conspiracy to raise prices,” European Commission spokesman Antoine Colombani told reporters.

“If this was confirmed, this would of course be a...
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.