Price-rigging class action settles

Maurice Blackburn Cashman Lawyers report that the Federal Court has approved a $30.5 million
settlement in Australia’s first ever cartel class action. The action was against multinational pharmaceutical companies Roche, BASF and Aventis for fixing prices of animal vitamins during the 1990’s.

Those affected included manufacturers, distributors and suppliers of pre-mix, stock feed; livestock, and veterinary and performance enhancing preparations; manufacturers of pet foods and farmers that lost
market share or paid inflated prices as a result of the cartel.

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