Italy Fines 7 Cos. €37M Over Road Barrier Cartel

Law360, New York (October 12, 2012, 4:24 PM EDT) -- Italy's competition authority on Thursday fined seven companies that make road barriers more than €37.3 million ($48.3 million) for using a now-defunct trade group to fix prices and divvy up the market for their product.

The Italian Competition Authority, known by its Italian acronym AGCM, accused the manufacturers of using a consortium called Comast to restrict competition for road and highway barriers and guardrails for nearly half a decade.

The companies facing fines are Industria Meccanica Varricchio SpA, Marcegaglia SpA, Metalmeccanica Fracasso SpA, San Marco SpA...
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.