SEC Filing: Manpower - Appeal against French competition authority's fine denied [recruitment agency cartel]
( February 22, 2010, 11:21 GMT | Official Statement) -- MLex Summary: Manpower's appeal challenging the French competition authority's antitrust fine, for the company's involvement in a recruitment cartel, has been denied. The company was fined in February last year and lodged an appeal in April. The company is currently considering what steps to take, following the dismissal of its legal action.Extract: In November 2004, French authorities commenced an investigation at our French headquarters. According to the search warrant, the investigation stemmed from a complaint submitted during 2003 to the European Commission and subsequently transferred to France’s Direction Generale de la Concurrence, de la Consommation et de la Repression des Fraudes (“DGCCRF”), a body of the French Finance Minister that investigates frauds and competition violations. This investigation led the DGCCRF to transmit the results of its inquiry to the French Competition Council. In November 2007, we received a Statement of Objections from the Competition Council alleging illegal information sharing between us and certain of our competitors. We responded to this Statement of Objections in February 2008, defending our position....
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