Hershey Pays $4M To Settle Canadian Price-Fixing Charges

Law360, New York (June 21, 2013, 2:54 PM EDT) -- Hershey Canada Inc. on Friday was fined $4 million after pleading guilty to conspiring to fix the prices of chocolate products in Canada, in violation of the criminal conspiracy provision of the country's Competition Act.

Canada’s Competition Bureau said Hershey had received lenient treatment since it copped to the antitrust crimes and began cooperating with investigators. The company has admitted that executives communicated with other members of the alleged cartel to trade pricing information about chocolate confectionery products in Canada.

Nestle Canada Inc., Mars Canada Inc.,...
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