EU High Court Won't Scrap Recycling Co.'s €24M Antitrust Fine

Law360, New York (April 20, 2012, 4:00 PM EDT) -- The European Union's highest appeals court on Thursday refused to alter a €24 million ($31.7 million) antitrust fine against Norwegian recycling firm Tomra Systems ASA, affirming that the company had abused its dominant position in the market for reverse vending machines.

The EU Court of Justice rejected Tomra's bid to vacate the 2006 fine, imposed after the European Commission's competition watchdog found that the company had used a system of exclusivity agreements and other anti-competitive practices to snuff out upstart competition for automated units that dispense...
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