EU Court Shakes Head At SGL Carbon’s Appeal

Law360, New York (May 10, 2007, 12:00 AM EDT) -- SGL Carbon suffered a setback on Thursday, with the European Union’s highest court tossing the German carbon and graphite maker’s appeal of a lower court’s decision to slash a €27.75 million fine levied for price-fixing charges to €18.45 million, a penalty the company argued should have been reduced even further.

The European Court of Justice said that it had rejected all of SGL’s claims as “unfounded or inadmissible” and maintained the €18.45 million fine, Reuters reported.

SGL and seven other graphite electrode manufacturers were originally fined...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.