EU Eclipses DOJ With $2.5B In Antitrust Fines In 2013

Law360, New York (January 8, 2014, 7:02 PM EST) -- The European Commission handed out $2.5 billion in antitrust penalties in 2013, dwarfing the U.S. Department of Justice's $1.02 billion total largely with a massive set of December fines against several banks involved in benchmark rate manipulation.

The European Union's antitrust watchdog's €1.88 billion ($2.5 billion) worth of fines didn't quite near its 2010 record of nearly €2.9 billion but it easily outshone the just more than $1 billion in penalties nabbed by the DOJ's Antitrust Division in its own 2013 fiscal year, according to a...
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