Steel Cartel Appeal May Flesh Out EU Hardship Discount Rule

Law360, New York (December 3, 2012, 6:50 PM EST) -- One of Europe's biggest steelmakers is challenging the European Commission's decision to reject its bid for a reduced price-fixing fine after it claimed financial hardship, in a case that could shed light on what companies must do to qualify for the unusual discount in cartel cases.

Four Celsa Group subsidiaries urged the European Union's General Court to overturn a nearly €54.4 million ($71 million) price-fixing fine from the bloc's antitrust watchdog, according to a notice of appeal published Saturday. The companies argue that the EC not...
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