German Gas Cos. Hit With Boosted €244M Cartel Fines

Law360, New York (April 22, 2013, 1:49 PM EDT) -- A German court has hiked antitrust fines on five liquefied gas companies from €180 million ($235 million) to €244 million, after concluding that the length and gravity of the cartel were more serious than the country's antitrust authority had estimated.

The Dusseldorf Higher Regional Court boosted the penalties for the companies in a decision issued April 16, fining Friedrich Scharr KG, Salzgitter Gas GmbH, Progas GmbH & Co. KG, Sano-Propan GmbH and Tyczka Totalgaz GmbH for their participation in a nearly decade-long cartel in the late...
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