A price-fixing cartel between Amcor Ltd. and Visy Industries Ltd. could bring about lawsuits from their corrugated box customers, possibly affecting the packaging firms' profit margins for years, reports The Sydney Morning Herald. Earlier this month, Cadbury Plc, one of the world's biggest makers of chocolates, settled with Amcor for $193 million (U.S.) for compensatory damages stemming from the cartel conduct between 2000 and 2004. In a brief statement to the stock exchange, Amcor said the terms of the proposed settlement would not have a "material" effect on its financial position. A company spokesman declined to comment further. It is understood that Amcor does not admit liability.
展开▼
