Slovenian Power Co. Loses Bid To Toss $13M Cartel Fine

Law360, New York (December 13, 2013, 3:02 PM EST) -- A European Union court on Friday upheld nearly $13 million in fines levied against a state-owned Slovenian energy company whose former subsidiary was found to have participated in a sprawling price-fixing scheme involving a cartel of calcium carbide and magnesium-based reagent suppliers.

The EU General Court rejected a bid by Slovenia’s Holding Slovenske elektrarne to annul or reduce a 2009 decision saddling it with €9.1 million ($12.5 million) in fines as the former parent of TDR Metalurgija, which was found to have shared the market, allocated...
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