LAWSUITS NEWS & LEGAL INFORMATION
Roche, BASF and Aventis
This is a settlement for the Antitrust lawsuit.
A class action lawsuit against Roche, BASF and Aventis alleged antitrust violations relating to vitamin sales in the 1990s. The Australian Competition and Consumer Commission (ACCC) claimed that the Australian, Asian and European branches of Roche, BASF and Aventis were involved in price fixing of animal grade vitamins which affected thousands of small- and medium-sized businesses, including manufacturers of stock feed, animal feed, pet food and veterinary performance enhancers. In 2001, the three animal vitamin suppliers were fined a total of $26 million for price fixing and market sharing. Roche Vitamins Australia was fined $15 million, BASF Australia $7.5 million and Aventis Animal Nutrition $3.5 million. A $30.5 million settlement has been reached in Australia's first-ever cartel class action against the drug manufacturers. (Jul-18-06)
[SYDNEY MORNING HERALD]
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