ComCom and Rural Livestock reach settlement over price fixing allegations; court action continues against others

Thu, 05 Nov 2015

By Fiona Rotherham Nov. 5 (BusinessDesk) - The Commerce Commission has reached a settlement with Rural Livestock after filing legal action against the second largest livestock agency in the South Island, for alleged price fixing in relation to the introduction of the National Animal Identification Tracing Act 2012. The commission alleges Rural Livestock and other livestock companies breached the Commerce Act by establishing three pricing agreements before the NAIT Act came into force in July 2012. The pricing agreements alleged include fi...

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