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EU: Price-fixing fine appeal shot down by Court of Justice

By  |  June 4, 2013
EU: Price-fixing fine appeal shot down by Court of Justice

The European Court of Justice has denied a plastics company its appeal of a fine issued by the European Commission in 2006. The company, a unit of Quinn Group, was part of two other Quinn units jointly fined by European regulators for forming a price-fixing cartel. The penalty reached to nearly $12 million. Regulators found the companies – five in total – to have conspired to fix prices of acrylic glass, among other antitrust violations. The original fine was slashed in half after and then reduced again to the $12 million the Commission agreed that the companies took merely a “passive and minor” role in the collusion.

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