E.U. Court Refuses To Bend On Tube Maker Cartel

Law360, New York (January 25, 2007, 12:00 AM EST) -- In a boost for the European Union's antitrust authority, the European Court of Justice has upheld a €99 million fine imposed years ago by E.U. regulators on a cartel of seamless steel-tube makers known as the "Europe-Japan Club.”

On Thursday, the E.U.'s highest court tossed out the accused tube makers’ appeal, sought in the wake of a lower court’s finding that the companies had participated in an illegal cartel.

“As regards evidence of the existence of the infringement, the Court of First Instance did not err...
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