EU High Court Maintains €10M Cartel Fine V. ADM

Law360, New York (March 19, 2009, 12:00 AM EDT) -- Europe's highest court on Thursday upheld a €10 million ($13.6 million) fine that the European Commission had imposed against Archer Daniels Midland Co. over its alleged participation in a six-member, worldwide sodium gluconate cartel, ending the agricultural giant's appeal of the 2001 fine.

The European Court of Justice rejected ADM's bid to overturn a decision by the European Court of First Instance to uphold the fine in its entirety and called the manufacturer's arguments in support of its appeal "in part inadmissible and in part unfounded."...
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