Comparing EU Marine Hose Cartel Case To US Enforcement

Law360, New York (May 31, 2013, 2:12 PM EDT) -- On May 17, 2013, the EU General Court partially annulled a 2009 European Commission decision in the Marine Hose cartel case and significantly reduced the fine imposed on hose manufacturer Parker ITR by nearly 75 percent from €25.61 million to €6.4 million.[1] As part of its ruling, the court found that the commission had incorrectly calculated the period of the infringement by Parker ITR and found that the commission had not demonstrated a sufficient “structural link” between Parker ITR and a predecessor entity that had engaged...
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