Canadian Gas Retailers Cop To Price-Fixing Plot

Law360, New York (June 13, 2008, 12:00 AM EDT) -- Three Canadian gasoline retailers and one individual have pled guilty to fixing the price of gasoline in an ongoing criminal probe that alleges 11 companies participated in the cartel, competition authorities said.

Les Pétroles Therrien Inc., Distributions Pétrolières Therrien Inc. and Ultramar Ltée pled guilty in the Quebec Superior Court in Victoriaville Thursday and were fined a total of $1.95 million, Canada's Competition Bureau said.

An Ultramar employee, Jacques Ouellet, also pled guilty and was fined about $48,652.

Eight more companies and a dozen more individuals...
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.