EU Court Slashes Record Fine Against Saint-Gobain To $982M

Law360, New York (March 27, 2014, 1:23 PM ET) -- A European Union court on Thursday reduced a record $1.21 billion fine levied against Compagnie de Saint-Gobain SA over anti-competitive conduct in the automobile glass market to $982 million, ruling that a European antitrust watchdog’s justification for the penalty had been too broad.

The European Commission had argued that the hefty €880 million ($1.21 billion) penalty against Compagnie de Saint-Gobain and three of its subsidiaries was justified by the companies’ repeated antitrust violations, but the General Court of the EU ruled that not all of the...
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