In Landmark Ruling, Court Orders EC To Pay Damages

Law360 (July 11, 2007, 12:00 AM EDT) -- The European Court of First Instance has ordered the European Commission to compensate French utility Schneider Electric for wrongfully blocking the company's proposed merger with fellow power company Legrand, marking the first time the regulator has been forced to pay damages.

The Court ruled Wednesday that “the grave and manifest failure by the Commission to have regard to Schneider's rights of defense constitutes a sufficiently serious breach of Community law to confer such a right.”

The Court has yet to determine the exact amount of the...
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.