German Antitrust Watchdog Fines Gummi Bear Co. $3M

Law360, New York (August 1, 2012, 2:50 PM EDT) -- Gummi bear pioneer Haribo GmbH & Co. KG will pay a fine of nearly $3 million for allegedly exchanging information about its operations with its fellow candy makers, Germany's antitrust regulator announced Wednesday.

The Federal Cartel Office said it has assessed fines totaling approximately $2.95 million against confectionery company Haribo and various of its sales representatives for exchanging “competitively relevant information” in violation of German antitrust law.

Cartel Office President Andreas Mundt said Haribo's alleged conduct had been to the detriment of the market.

"Certain types...
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