11/11/2009

A French regulator levied a €46.2 million price-fixing fine against 15 retailers and perfume makers, including L'Oreal, Sephora and LVMH Moet Hennessy Louis Vuitton, in 2006. A Paris appeals court has thrown out the decision, saying using six-year-old evidence was wrong. "The age of the facts prevented the companies from making use of evidence that could have countered those cited by the" French regulator, wrote Judge Jean-Claude Magendie.

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