EU Court Bounces Challenges To $146M Rubber Cartel Fines

Law360, New York (February 2, 2012, 2:28 PM EST) -- A court in the European Union on Thursday rejected challenges from DuPont Co., The Dow Chemical Co. and a Japanese chemical maker to €110.7 million ($146 million) in fines imposed on them for allegedly fixing prices for chloroprene rubber.

The EU General Court’s decision stemmed from the European Commission’s Dec. 5, 2007, decision to slap five chloroprene rubber producers with a total of €247.6 million in fines for market sharing and price-fixing. The companies, including Denki Kagaku Kogyo KK, brought three actions looking to have their...
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