EU Regulators Restore €90M Of Eni Cartel Fine

Law360, New York (March 1, 2013, 3:42 PM EST) -- Just over 19 months after a European Union court slashed €90 million ($117 million) from a €272.25 million cartel fine against Italian oil company Eni SpA, EU antitrust regulators reimposed the penalty Friday, saying they'd addressed the court's concerns.

The European Commission hit Eni, Shell Petroleum NV, Dow Chemical Co. and others with €519 million fines in 2006 for allegedly operating a cartel to fix the prices of synthetic rubbers. But in July 2011, the EU General Court ruled that the commission erred when it increased...
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