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antitrust fines

Whistle-blowing JCI escapes EU lead price fixing fine

Mon, 10/24/2016 - 10:31 -- Xuan Zhong

Johnson Controls is set to escape forthcoming European Union antitrust fines after owning up to price rigging with smaller rivals on the price of lead purchased from scrap dealer, according to Bloomberg newswire.

Eco-Bat Technologies Ltd, Recylex SA, and Campine SA still expected to be fined in the coming weeks for their role in a cartel among companies buying lead recycled from car batteries.

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