EU Fines Glass Makers €487M For Collusion

Law360, New York (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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.