EU Court Upholds Czech Fine On Equipment Cartel

Law360, New York (February 14, 2012, 3:48 PM EST) -- The EU's highest court on Tuesday upheld the Czech antitrust regulator's fine of 942 million koruny ($49 million) against Siemens AG, Toshiba Corp. and other members of an alleged electrical equipment cartel, ruling that both Czech officials and the European Commission could levy fines in the same case.

The Court of Justice of the European Union rejected the appeal by Siemens and the other alleged cartel members, who claimed that they were unlawfully penalized twice for the same behavior because the Czech regulator fine's covered actions...
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