EU High Court Upholds €140M Solvay Bleach Cartel Fine

Law360, New York (December 5, 2013, 3:24 PM EST) -- The European Union's highest court on Thursday upheld a nearly €140 million ($191 million) fine against Solvay SA for its role in an alleged bleach cartel, but it rejected the European Commission's bid to reinstate a €58 million fine against Edison SpA for the same plot.

The European Court of Justice denied Solvay's appeal, leaving in place a 2011 lower court ruling that trimmed the chemical company's penalty from €167 million. The fine was by far the largest of the €388 million in penalties that the...
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