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UK Construction Cos. Admit To Price-Fixing Scheme

Law360 (December 13, 2018, 1:54 PM EST) -- The U.K.’s competition regulator on Thursday said a pair of British construction companies have admitted to engaging in a cartel to fix prices for precast concrete drainage products, with an investigation pending against a third alleged co-conspirator.

The Competition and Markets Authority said in a statement that CPM Group Ltd. and Stanton Bonna Concrete Ltd., which are based in Somerset and Derbyshire, England, respectively, have admitted that they took part in the illegal cartel, which lasted nearly seven years, starting in 2006. Over the course of the price-fixing scheme, the CMA said, the companies made up more than half of the...

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