Cos. Appeal €519M Rubber Cartel Fine

Law360, New York (February 20, 2007, 12:00 AM EST) -- Several companies that were issued a collective €519 million fine last November by the European Commission for allegedly fixing the prices of synthetic rubbers have appealed the decision to the European Union’s second-highest court.

The Czech Republic-based chemicals company Kaučuk and its owner, local oil and petrochemicals company Unipetrol AS, said in a statement on Monday that they filed a lawsuit on Feb. 17 against the E.C. in the European Court of First Instance in Luxembourg to appeal the €17.5 million fine imposed on them for...
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