
“US candy maker Hershey on Friday pleaded guilty to participating in a chocolate price-fixing scheme and paid a CAN$4 million (US$4.2 million) fine. The company entered the plea at the Ontario Superior Court and, according to the Competition Bureau of Canada, received lenient treatment in exchange for its cooperation in an antitrust investigation. Earlier this month, Canadian authorities also charged Nestle, Mars and a network of independent wholesale distributors in the case after a whistle-blower tipped authorities to the scheme. The alleged price-fixing involved popular brands such as Kit Kat, Coffee Crisp, Aero, Twix, Snickers, Bounty and M&Ms.”
http://www.rawstory.com/rs/2013/06/21/candy-maker-hershey-pays-4-million-for-price-fixing/
Related posts:
These Guys Want to Lend You Money Against Your Bitcoin
Austria Says Banks at Risk From Sanctions on Russia
Colorado Democrats fail to stave off recall efforts after supporting gun control
India suspends doctors over banned fetal ‘sex tests’
Hiding dual citizenship now a criminal offense in Russia
U.S. navigation moves in South China Sea will continue
Western Companies Look to Iran Opening for New Business
Homeland Security agent arrested after road rage shooting at mall
Iowa Farms Minting Millionaires as Rich-Poor Gap Widens
Heated exchange after Baton Rouge cop pulls over fellow officer driving recklessly
France will 'prove' Syria regime behind chemical attack
California becomes first state in nation to regulate ride-sharing
US secretly sent plane with $400 million in cash to Iran
Following the Bitcoin trail
While feds double down on marijuana prohibition, businesses stop bothering