Wednesday, July 16, 2014

German sausage makers accused of price fixing

Twenty-one companies and 33 people in the German sausage business have been fined about $493 million for price fixing.

The scandal goes back to 2002, said authorities who waited until news media attention to the World Cup soccer victory to make their announcement so it would gain prominent public attention.

Bell Ltd., which was fined $100 million, said it intends to fight its fine.
In February, German authorities fined three large sugar companies about $380 million for price fixing, market sharing and running a quota system.

I wish we could get these German authorities on the case of Ontario's egg-grading companies.