EU Slaps Rubber Cartel Firms With €243M Fine

Law360, New York (December 5, 2007, 12:00 AM EST) -- The European Commission has handed down a collective €243.2 million in fines to a slew of chloroprene rubber producers for a decade’s worth of alleged market-sharing and price-fixing.

The fines, imposed on Italy's ENI, DuPont Co. and Dow Chemical Co. of the United States and Japan-based Tosoh Corp and Kanto Denka Kogyo Co., were for participating in a cartel for chloroprene rubber in the European Union in violation of the EC Treaty’s ban on cartels and restrictive business practices, the Commission said Tuesday.

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