The European Union had a second straight record-breaking year in antitrust fines, levying €1.9 billion in fines in 2013, according to a global survey released this week.
International law firm Allen & Overy reviewed fines levied last year by seven jurisdictions, including the EU and the United States, and found that the EU led the way. The bloc topped its record-breaking 2012 total of €1.7 billion. Last year’s fines were more than double those imposed by U.S. regulators, which came in at a value of €756 million or just over U.S. $1 billion.
