Chemical Co. Can't Escape EU's €91M Acrylic Cartel Fine

Law360, New York (June 5, 2012, 7:16 PM EDT) -- A European court on Tuesday upheld a €91.4 million ($114 million) fine against a British chemical company allegedly involved in an acrylic glass cartel, tossing the company's argument that the penalty should have been reduced because it cooperated with a European Commission investigation.

The EU general court in Luxembourg ruled that Imperial Chemical Industries Ltd. — which was implicated in a price-fixing ring that led the EU antitrust authority to hand down a collective €344.5 million in fines against several companies — did not convincingly argue...
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