No Damages For Thomas Cook Over Blocked Merger

Law360, New York (September 9, 2008, 12:00 AM EDT) -- Europe's second-highest court has reportedly thrown out Thomas Cook Group PLC's bid to recover compensation from the European Commission, which the court found wrongly blocked the tour operator's proposed merger with rival First Choice Holidays nearly a decade ago.

The European Court of First Instance said in a ruling Tuesday that the commission would not have to fork over the more than $900 million in damages Thomas Cook was seeking for costs and loss of profits when the deal was intercepted in 1999, Dow Jones reported....
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