Haberdasher's €27M Fine Should Stick: EU Adviser

Law360, New York (April 30, 2009, 12:00 AM EDT) -- The European Union's highest court should reject a bid from German haberdasher William Prym GmbH & Co. to lower a fine for allegedly conspiring with a competitor to fix prices for needles even though a lower court already cut the €30 million ($40 million) penalty by 10 percent, a key legal adviser argued Thursday.

Paolo Mengozzi, an advocate general to the European Court of Justice, largely supported the 2007 decision by the European Court of First Instance not to cut the fine any further.

The advisor...
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