Del Monte banana fine cut, but Dole's penalty is upheld
date:Mar 18, 2013
The EU General Court ruled Del Monte's fine be cut to 8.82m euros due to the company's co-operation with regulators and mitigating circumstances.

However, a 45.6m euros fine on Dole Food was upheld. The company denies wrongdoing and has said it will appeal.

In 2008, the European Commission fined the companies for price collusion in eight EU countries.

In a statement, Dole's president C. Michael Carter said: We strongly believe that the European competition laws were not violated and we will a
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