EU High Court Affirms €66M In Fines On Graphite Cartel

By Melissa Lipman

Law360, New York (November 12, 2009, 12:51 PM ET) -- The European Union's top court has upheld the more than €66 million ($98 million) in fines that the European Commission imposed on France's Le Carbone Lorraine SA and Germany's SGL Carbon AG in late 2003 for their alleged role in a graphite electrode cartel that spanned a decade.

The decisions from the European Court of Justice — both handed down Thursday — shot down appeals from the two carbon and graphite electrode makers, which had already lost similar appeal efforts in the Court of First Instance...
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