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Multi-million dollar penalty sought in major price fixing case

The Commerce Commission wants a $3.6 million penalty in its long-running price-fixing case against Australian cardboard box-maker Visy Board.

The penalty hearing for the Kiwi connection in what is one of the most serious and blatant price-fixing cartels in trans-Tasman history was heard at Auckland High Court today.

Justice Geoff Venning reserved his decision until early next week.

The parties asked for the decision to be remain confidential for two days when it is released.

 

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