Cos. Agree To Pay £173M For Tobacco Price-Fixing

Law360, New York (July 11, 2008, 12:00 AM EDT) -- The U.K. Office of Fair Trading has reached a settlement with six companies that admitted to manipulating the price of tobacco products and agreed to pay a total of £173.3 million ($344.6 million), though they will likely receive leniency for cooperating with the office.

The settling companies are Asda, First Quench, Gallaher, One Stop Stores (formerly T&S Stores), Somerfield and TM Retail, according to the OFT. If they receive the maximum leniency to which they could be entitled, their total fine will be £132.3 million ($263...
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