EU Court Advised To Uphold €21M Akzo Cartel Fine

Law360, New York (April 23, 2009, 12:00 AM EDT) -- Dutch chemical giant Akzo Nobel NV and four subsidiaries should remain liable for a €21 million ($27.4 million) fine from the European Commission over an alleged cartel among companies that produce vitamin B4, used mainly in animal feed, a legal adviser to the European Union's highest court argued Thursday.

Advocate General Juliane Kokott urged the European Court of Justice to reject Akzo's bid to overturn or reduce the fine for its wholly owned subsidiaries' alleged role in the choline chloride cartel.

Because Akzo owns 100 percent...
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