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EU: Copper cartel fine erased for good in EU Court of Justice

 |  July 4, 2013

Copper manufacturer Aalberts, based in the Netherlands, scored a major win in the EU Court of Justice on Thursday as the Court dismissed a reinstatement of a fine issued to the copper company in 2006. The European Commission fined Aalberts Industries NV for colluding to fix prices of copper fittings in a case involving 30 companies. Aalberts was fined $131 million, though a lower court overturned the fine in 2011. After attempting to reverse that dismissal, the European Commission lost its case within the EU Court of Justice, which ruled that an “error of law” lead to the sanction; according to reports, Aalberts will now attempt to recover legal fees involving the matter.

Full Content: Bloomberg

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