EU Fines Glassmakers €1.3B Over Cartel

Law360, New York (November 12, 2008, 12:00 AM EST) -- A group of automobile glass producers accused of illegal market sharing has been fined a record total of more than €1.3 billion ($1.6 billion) by the European Union’s antitrust watchdog.

The European Commission announced Wednesday it had levied fines - the highest ever imposed - against four of the world’s largest glassmakers: Asahi Glass Co., Pilkington PLC, Saint-Gobain SA and Soliver.

The companies allegedly created a market-sharing cartel that exchanged commercially sensitive information on car-glass deliveries in EU member states in violation of the EC Treaty’s...
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