EC Loses Bid To Reinstate $129M Aalberts Cartel Fine

Law360, New York (July 8, 2013, 7:37 PM EDT) -- The European Union's highest court refused Thursday to reinstate more than €100 million ($129 million) in cartel fines against Aalberts Industries NV over its alleged role in a copper fitting cartel despite the European Commission's efforts to salvage at least some of the penalties.

Although the European Court of Justice took issue with the General Court's refusal to consider whether the EC was right to treat Aalberts and its two subsidiaries as one unit under the bloc's competition law, the high court ultimately concluded that the...
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