A PYMNTS Company

EU: Bag cartel fires back, sues over antitrust ruling delays

By  |  May 30, 2013

One of the 16 plastic bag companies fined by the European Commission in 2005 for forming a cartel is looking to have its fine reduced, and several other of the involved companies are looking to sue the Commission, over ruling delays. Three companies – Kendrion NV, Gascogne and the Gascogne Sack unit – may seek damages for the ruling delays, which held up their fine appeals from back in 2006. Gascogne Sack is also looking to have its fine cut by more than one million euros. Advocate general Eleanor Sharpson stated that these damages should be awarded to the companies in front of the EU Court of Justice on Thursday, though the opinion was non-binding.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Businessweek

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.