Insolvency proceedings – no end in sight at Schlecker – economy

The insolvency proceedings of the former Schlecker pharmacy chain are dragging on. “The current heart of the proceedings remains the antitrust lawsuits which are pending before the Federal Court of Justice,” said a spokesperson for insolvency administrator Arndt Geiwitz. According to previous statements, Geiwitz is claiming around € 212 million in damages from drugstore manufacturers. Schlecker would have paid too much for years before the bankruptcy because the manufacturers had come to an agreement. The Federal Cartel Office and the European Commission have already imposed fines. Geiwitz is now taking civil action against the alleged cartels.

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