Arkema, Elf Lose Bid To Toss €59M Bleach Cartel Fines

Law360, New York (May 17, 2011, 4:01 PM EDT) -- A European Union court refused Tuesday to overturn €59 million ($83.9 million) in fines against Total SA's Elf Aquitaine SA and its former subsidiary Arkema SA for their alleged roles in a 1990s industrial bleach cartel.

In a pair of decisions, the EU's General Court rejected appeals seeking to toss or reduce the antitrust fines the European Commission issued against the two French companies in mid-2008 for fixing prices and allocating markets for sodium chlorate, the main ingredient in an industrial bleach used in pulp and...
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