Law360, New York (July 01, 2010, 11:56 AM ET) -- The European Union's highest court upheld an €85.8 million ($106.9 million) fine against Knauf Gips KG for its alleged role in a plasterboard cartel Thursday, just two weeks after affirming a penalty against cement giant Lafarge SA for the same 1990s price-fixing plot.
The European Commission did not err in holding Knauf Gips KG liable for the anti-competitive conduct of the entire Knauf Group, the European Court of Justice ruled, pointing out that the company's subsidiaries did not have independent control over their activities.
While the...
EU High Court Backs €86M Cartel Fine On Knauf
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