EU High Court Affirms €250M Antitrust Fine On Lafarge

Law360, New York (June 17, 2010, 6:26 PM EDT) -- The European Union's highest court has upheld a €249.6 million ($309 million) penalty levied against cement giant Lafarge SA by antitrust regulators over the company's role in a plasterboard cartel.

The European Court of Justice on Thursday dismissed Lafarge’s appeal in its entirety and confirmed the European Commission penalty, originally levied in November 2002.

The ruling comes after a lower EU court in 2008 rejected the French company's action for an annulment of the contested decision, or in the alternative, for a reduction of its fine....
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