EU Court Cuts €90M From Eni Rubber Cartel Fine

Law360, New York (July 13, 2011, 1:36 PM EDT) -- A European Union court on Wednesday slashed a synthetic rubber cartel fine against Eni SpA from €272.25 million ($385 million) to €181.50 million, but upheld €225 million in related penalties against Shell Petroleum NV and Dow Chemical Co.

The EU General Court also overturned two smaller fines totaling just over €21 million that the European Commission had imposed in late 2006 against Poland's Trade-Stomil Sp Zoo and Czech companies' Kaucuk AS and Unipetrol AS for allegedly fixing the prices of synthetic rubbers used in consumer goods...
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.