E.U. Court Upholds Three Cartel Companies' Fines

Law360, New York (September 27, 2006, 12:00 AM EDT) -- The European Court of First Instance has upheld fines the European Commission levied against three companies, including Archer Daniels Midland Co., for participating in a cartel to fix prices for a chemical used to clean glass and metal.

In 2001, the E.C. fined six producers of sodium gluconate a total of € 57.53 million for participating in a worldwide cartel between 1987 and 1995. On Wednesday, the court upheld the fines the E.C. imposed on ADM, Akzo Nobel and AVEBE. One company, Roquette Frères, had its...
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