The General Court in Luxembourg has rejected Red Bull’s bid to suspend an EU antitrust decision that had led to a raid on the Austrian energy drinks giant over allegations of anti-competitive practices, as reported by Reuters.
The European Commission had conducted a raid on Red Bull in March, citing concerns that the company might have violated EU antitrust regulations related to cartels and the abuse of a dominant market position.
In response, Red Bull had taken legal action by challenging the raid at the Luxembourg-based General Court. The company argued that the allegations were without merit and questioned the European Union’s competition watchdog’s basis for initiating the raid, suggesting there were insufficient signs of anti-competitive behavior.
Related: EU Watchdog Raids Energy Drinks Company, Red Bull
However, the General Court rejected Red Bull’s application for an interim measure last Friday, as confirmed in a filing on the court’s website.
Typically, interim measures are only granted by the court when companies can demonstrate that they have suffered damages and will endure severe and irreversible harm due to the actions of regulatory authorities. In this case, Red Bull was unable to meet the threshold required for such temporary relief.
The decision by the General Court means that the EU’s antitrust investigation into Red Bull will continue unabated, with Red Bull still facing allegations of anti-competitive practices in the European market.
Source: Reuters
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI