Schindler Can't Ax €143M Elevator Cartel Fine

Law360, New York (July 18, 2013, 7:10 PM EDT) -- The European Union's highest court on Thursday rejected Schindler Holding Ltd.'s appeal of its €143.7 million ($188.4 million) cartel fine despite the Swiss elevator manufacturer's claims that it didn't get a fair trial before an impartial judiciary.

Schindler raised more than a dozen challenges to its fine, ranging from the fact that it was held liable for its subsidiaries' conduct to the validity of the European Commission's fining guidelines. But the European Court of Justice rejected all of them, including Schindler's claim that the penalty violated...
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