Mitsubishi, Toshiba Could Again Face EU Cartel Fines

Law360, New York (March 21, 2012, 4:12 PM EDT) -- The European Commission on Wednesday confirmed plans to readopt a decision that Mitsubishi Electric Corp. and Toshiba Corp. had participated in a price-fixing scheme, despite a July court ruling that nixed €209 million ($276 million) in cartel fines leveled against the companies.

The director of the commission's cartels division, Eric Van Ginderachter, made recent comments at a conference, “stating that the commission would readopt its decision in the gas insulated switchgear case for these two companies,” EC spokesman Antoine Colombani told Law360. “This follows the annulment...
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