Month: September 2016

China Vitamin C price-fixing verdict voided by U.S. appeals court

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By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court on Tuesday threw out a $147.8 million price-fixing verdict against two Chinese companies that were accused of conspiring to raise prices and lower supply of vitamin C sold to U.S. purchasers. The 2nd U.S. Circuit Court of Appeals in New York said the case should not have gone to trial after China, in a “historic act,” formally advised that its laws required the vitamin C makers to violate the Sherman Act, a U.S. antitrust law. Writing for a 3-0 panel, Circuit Judge Peter Hall said the Brooklyn judge who presided over the March 2013 jury verdict should have deferred to China’s interpretation of its own laws, regardless of the country’s motives.
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Europe’s teens smoking, drinking less but drugs still high: study

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New study published by the European Monitoring Centre for Drugs and Drug Addiction says "Smoking and drinking among 15– and 16-year-old school students are showing signs of decline, but there are concerns over challenges posed by new drugs"Europe's schoolchildren are drinking and smoking less than their predecessors, but illicit drug use remains at "high levels", a new study published Tuesday shows. "Smoking and drinking among 15– and 16-year-old school students are showing signs of decline, but there are concerns over challenges posed by new drugs and new addictive behaviours," according to the study published by the European Monitoring Centre for Drugs and Drug Addiction. "Positive developments" were seen across the board in the case of teenage smoking, against a backdrop of anti-smoking measures introduced by governments over the last two decades.

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