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• Wal-Mart's Asda Unit Loses U.K. Ruling Over Capping Tobacco Antitrust Fine  

Jump to full article: Bloomberg News, 2010-09-06
Author: Erik Larson

Intro:

Wal-Mart Stores Inc.’s Asda unit, the U.K.’s second-biggest supermarket chain, lost a court ruling on its request to block a regulator from raising a 14.1 million- pound ($21.7 million) fine in a tobacco price-fixing case.

The Competition Appeal Tribunal in London today rejected Asda’s request to prevent the Office of Fair Trading from raising the fine. The OFT hasn’t said when it will increase the fine, or by how much. . . .

Asda, based in Leeds, England, is among 10 retailers and two tobacco companies, Imperial Tobacco Group Plc and Gallaher Group Ltd., that in April were fined 225 million pounds for coordinating cigarette prices between 2001 and 2003.

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