EU Fines Bollore €21M For Role In Paper Cartel

Law360, New York (June 23, 2010, 6:59 PM EDT) -- The European Commission renewed its decision Wednesday to penalize French manufacturing giant Bollore SA for its role in a carbonless-paper cartel, hitting the company with a €21.3 million ($26.2 million) fine.

The antitrust watchdog re-adopted its previous 2001 decision — which fined Bollore and nine other companies a total of €313.7 million for agreeing to fix prices and divvy up the carbonless paper market — but decreased the penalty by €1.4 million because the company cooperated with the commission on the new decision.

The commission originally...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.