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"The EU’s General Court backed the European Commission’s fines of 150 million euros ($187 million) for YKK, based in Tokyo, and 110 million euros for Coats in 2
by tudorw 12y ago
"The EU’s General Court backed the European Commission’s fines of 150 million euros ($187 million) for YKK, based in Tokyo, and 110 million euros for Coats in 2007 over cartels involving fasteners and related machinery, one of which ran for more than 21 years. The EU said at the time that the zipper market was worth about 400 million euros a year and the market for other metal fasteners was worth 200 million euros."
http://www.bloomberg.com/news/2012-06-27/coats-and-ykk-lose-eu-court-challenges-over-antitrust-fines.html http://www.bloomberg.com/news/2012-06-27/coats-and-ykk-lose-...
- msandford 12y agoSo these companies led the cartels? I get that there was a judgement, but it's REALLY light on details.
- debacle 12y agohttp://www.reuters.com/article/2007/09/19/idUSL1926941520070919 http://www.reuters.com/article/2007/09/19/idUSL1926941520070... > The Commission has found four separate infringements in which these companies agreed on coordinated price increases, fixed minimum prices, allocated customers, shared markets and exchanged other commercially important and confidential information
- deleted 12y ago[deleted]