EU Court Cuts Solvay, Edison Bleach Cartel Fines

Law360, New York (June 16, 2011, 2:22 PM EDT) -- A European Union court on Thursday tossed a €58 million ($82 million) fine against Edison SpA for its alleged role in a bleach cartel, and trimmed nearly €28 million from Solvay SA's €167 million fine.

However, the EU's General Court upheld millions of euros in fines against FMC Corp. and its French subsidiary, former Edison unit Solvay Solexis SpA, and Caffaro SRL.

The series of rulings leaves the bulk of the €388 million in penalties that the European Commission handed down against a number of companies...
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