A PYMNTS Company

Alliance One loses appeal for tobacco processing cartel

By  |  July 20, 2012

The EU Court of Justice dismissed an appeal by Alliance One International Inc. to set aside a 1.8 million euro ($2.2 million) levied by the European Commission. In October 2004, Alliance and five other tobacco processing companies were fined a total of 20 million euros ($24.5 million) for “price-fixing and production-sharing between 1996 and 2001 in the Spanish tobacco-processing market.” Alliance and a subsidiary appealed after the fine was upheld in 2010 by a lower court. The company awaits rulings on several other appeals, including one for a 24 million euro ($29.5 million) joint liability fine issued for similar anticompetitive activities.

Full content: Businessweek

 

Related content: Remarks by Assistant Attorney General Christine A. Varney at the Competition Conference

 

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.