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EU Fines Glass Makers €487M For Collusion

Law360 (November 28, 2007, 12:00 AM EST) -- A group of glass manufacturers that allegedly colluded to fix the price of automobile glass in Europe has been hit with a €487 million fine by the European Commission.

On Wednesday, the commission levied a total of €486.9 million in fines on some of the world's largest glass makers, including Compagnie de Saint-Gobain SA , Pilkington PLC, Asahi Glass and Guardian Industries.

The fines are the result of a three-year investigation into collusion in the glass making industry, said EC Competition Commissioner Neelie Kroes.

“The companies...
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