German Watchdog Raids 9 Potato Cos. On Cartel Worries

Law360, New York (May 10, 2013, 3:58 PM EDT) -- German officials recently raided nine companies that produce and distribute potatoes for food retailers based on concerns the companies were fixing prices, the country's antitrust watchdog said Friday.

The German Federal Cartel Office simultaneously searched the facilities of nine companies in the potato industry on Wednesday, with 30 antitrust officials aided by local police forces, according to the agency.

The raids stem from the agency's concern that the potato producers and distributors might have agreed to fix prices for their products, which are mostly sold to...
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.