Elevator cartel drove up prices for EU buildings, regulator tells Belgian court

In brief:The European Commission today told a Belgian tribunal that a cartel among Kone, Otis Elevator, Schindler Holding and ThyssenKrupp meant that elevators bought for institutional buildings were overpriced. Acting on behalf of the EU's institutions, the commission is seeking 6 million euros in damages. The case marks the first time the institutions have filed a private antitrust lawsuit.Author: Lewis Crofts and Christiaan Nelisse.Article published by Lewis Crofts (MLex).