Germany Proposes €37M Fine For Alleged Cartel

Law360, New York (February 20, 2008, 12:00 AM EST) -- Warning that more action was to come, the German Federal Cartel Office said Wednesday that it would fine three makers of drugstore items, such as toothpaste, about €37 million ($54 million) for allegedly fixing prices and sharing information with retailers.

The office proposed fines for the units of Henkel KGaA,, Sara Lee Corp. and Unilever NV. However, rival Colgate-Palmolive cooperated with the investigation and avoided a fine, the office said.

The fines are not yet final, the office said. The companies can appeal the fines at...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.