Global Cartel Fines Down In 2013, But Big Probes Loom

Law360, New York (June 28, 2013, 6:32 PM EDT) -- Global cartel fines hit only $677 million for the first half of 2013 — only a fraction of 2012's record $5.14 billion — according to an Allen & Overy LLP report, but those numbers may rebound with two major probes underway in the U.S. and European Union.

The U.S. Department of Justice and the European Commission have handed down relatively few, smaller penalties so far this year, with the DOJ totaling $192 million mainly from a $150 million fine against Royal Bank of Scotland PLC. The...
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