EU High Court Affirms €115M In Copper Cartel Fines

Law360, New York (December 8, 2011, 5:02 PM EST) -- The European Union’s highest court on Thursday rejected appeals by metals producers Halcor SA and KME Group SpA to toss €115 million ($154 million) in fines imposed by the European Commission for their roles in a copper tubing cartel.

The European Court of Justice upheld the General Court’s ruling that the commission’s €107 million in fines levied against KME and its French, German and Italian affiliates were proper.

The lower court did not err in its review of the EC’s fines, the high court found, saying...
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