Dole to Appeal $59.2 Million Fine


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Thu. March 14th, 2013

<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%">Westlake Village, CA </span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">By Eric Anderson<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">3.14.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p>Dole Food Company, Inc. has announced that it will contest the decision by the EU General Court affirming the European Commission’s fine of € 45.6 million ($59.2 USD) for alleged anti-competitive information exchanges involving Dole Fresh Fruit Europe OHG and other EU banana importers in Germany 10 years ago.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">“The General Court’s decision treats discussions about general market conditions the same as a price fixing cartel,” said C. Michael Carter, President and Chief Operating Officer. “We strongly believe that the European competition laws were not violated and we will appeal this decision to the EU Court of Justice.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><img src="https://cdn.andnowuknow.com/legacyWriterImages/dolehl031413body1.jpg" alt="Pi Day Images" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">Dole Food Company, with 2012 revenues of $4.2 billion, is one of the world’s largest producers and marketers of high-quality fresh fruit and fresh vegetables. Dole is an industry leader in many of the products it sells, as well as in nutrition education and research. For more information, please visit www.dole.com or http://investors.dole.com </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.dole.com/ " target="_new">Dole</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">