China Influenced Vitamin C Cos.' Price-Fixing, Jury Told

Law360, New York (February 27, 2013, 7:56 PM EST) -- Chinese trade regulators could impose penalties against vitamin C manufacturers, including blocking them from selling to foreign customers, if they refused to participate in an industry group that allegedly forced them to fix prices and limit supply, a New York federal jury heard Wednesday.

Two executives of Aland (Jiangsu) Nutraceutical Co. Ltd., which avoided trial by settling last year for $10.5 million, described how China's Ministry of Commerce, known as MOFCOM, exerted its influence over the industry through a commerce chamber. The four companies on trial...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.