Visy Fined $3.6M in NZ High Court for price fixing in long-running case

Wed, 21 Aug 2013

By Pam Graham Aug. 22 (BusinessDesk) – Visy Board Pty, the Australian cardboard box maker, is paying $NZ3.6 million to settle a price-fixing case in New Zealand, having already been pinged for $A36 million for the same behaviour in Australia. Visy has been ordered to pay a penalty of $3.6 million in the High Court in Auckland today, and its former senior executive John Carroll $25,000, for breaching the Commerce Act by being involved in price fixing, the Commerce Commission said. The case involved some of the biggest customers in Australasi...

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