EU High Court Affirms €21M Cartel Fine Against Akzo

Law360, New York (September 10, 2009, 6:33 PM EDT) -- The European Union's highest court on Thursday upheld a €20.99 million ($30.6 million) fine against Dutch chemical giant Akzo Nobel NV and four wholly owned subsidiaries for their alleged participation in a cartel over vitamin B4, used mainly in animal feed.

The European Court of Justice ruled that because Akzo owns 100 percent of the four units, a rebuttable presumption exists that the parent company controls their actions in the marketplace and as such remains jointly and severally liable for any of their anti-competitive behavior....
To view the full article, register now.