EU Court Trims Total's Antitrust Fine To €125M

Law360, New York (September 13, 2013, 4:22 PM EDT) -- A European Union court on Friday upheld the bulk of a €128 million ($170 million) fine against Total SA for its role in a paraffin wax cartel, trimming just €3 million from the total after taking issue with the calculation of the penalty.

The EU's General Court ruled that the European Commission had provided sufficient evidence to show that Total and its Total Raffinage Marketing unit had participated in a plot to restrict competition for paraffin wax, despite the company's claim that the watchdog lacked proof...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.