{"id":14861,"date":"2023-03-30T08:54:27","date_gmt":"2023-03-30T15:54:27","guid":{"rendered":"https:\/\/essential.construction\/news\/squibb-confirms-appeal-against-bid-rigging-fine\/"},"modified":"2023-03-30T08:54:27","modified_gmt":"2023-03-30T15:54:27","slug":"squibb-confirms-appeal-against-bid-rigging-fine","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/squibb-confirms-appeal-against-bid-rigging-fine\/","title":{"rendered":"Squibb confirms appeal against bid rigging fine"},"content":{"rendered":"

\"-\"<\/a>
\n<\/p>\n


\n\t
\n
\n <\/p>\n
\n

Keltbray is also launching an appeal after ten firms were fined nearly \u00a360m by the CMA with Keltbray hit with a \u00a316m fine and Squibb a \u00a32m penalty.<\/p>\n

Squibb said: \u201cSquibb Group announces that following the publication of a press notice by the Competition and Markets Authority on 23 March 2023 and, after consultation with its lawyers and its other advisers, the company will be initiating an appeal against the CMA\u2019s decision.<\/p>\n

\n
<\/a><\/div>\n<\/div>\n

\u201cThe focus of the appeal will, for the most part, concentrate on the background to and determination of the fine. In particular, the fact that the fine is disproportionate when seen in the context of the wider investigation and the other infringements discovered as part of the CMA investigation.<\/p>\n

\u201cThe appeal process is expected to take in excess of 12 months and further announcements will be made by the Company as required.\u201d<\/p>\n

\n
\"-\"<\/a><\/div>\n<\/div>\n
\n
\"-\"<\/a><\/div>\n<\/div><\/div>\n


\n
\n <\/p>\n