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US: Chinese vitamin firm fights $153M price-fixing fine

 |  December 5, 2013

A Chinese vitamin producer announced Thursday it is planning on filing an appeal of an earlier US decision that found the company, along with three others, of conspiring to fix vitamin prices in the US.

NCPC’s appeal will be the first time a Chinese pharmaceutical firm has been fined by US regulators in an antitrust case, say reports.

The US District Court for the Eastern District of New York offered the ruling November 26, ordering the Chinese firm to pay $153.3 million for the Vitamin C collusion.

Full Content: CRJEnglish

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