BASF Penalty Upped In First-Ever Cartel Fine Increase

Law360, New York (December 12, 2007, 12:00 AM EST) -- A fine imposed by the European Commission on a company accused of participating in an animal-feed vitamin cartel has become the fodder for a precedent-setting court decision after Europe's second-highest court decided to increase the penalty — the first time it has ever raised the fine in a cartel case.

On Wednesday, the European Court of First Instance ordered German vitamin maker BASF AG to pay €35.02 million for allegedly participating in a cartel with other major European vitamin producers, an increase from the €34.94 million...
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