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Hitachi Issues Objection To Switchgear Cartel Fine

Law360, New York (April 18, 2007) -- Smacked with a €51.8 million fine, Japan's Hitachi Ltd. has decided to appeal the massive penalty handed down by the European Commission stemming from its alleged involvement in an electricity-transmission technology cartel.

On Wednesday, Hitachi revealed that it had filed an appeal with the European Court of First Instance, just days before the April 19 deadline to submit claims....

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