ERJ staff report (DS)
Brussels - The EU General Court has rejected appeals by DuPont Co., Dow Chemical Co., and Denki Kagaku Kogyo KK against fines imposed by the EU for their participation in a cartel to fix prices of polychloroprene rubber.
The court upheld three separate rulings, saying the European Commission was right in the findings and fines it imposed for the cartel.
An appeal by Eni SpA is still under review
Five companies were fined a total of 247.6 million euros ($325 million) in 2007 by the commission for price fixing and participation in a cartel in chloroprene rubber, from at least 1993 to 2002, the commission said.
The cases are T-76/08 Pending Case, E.I. du Pont de Nemours and others v Commission; T-77/08 Pending Case, Dow Chemical v Commission; T-83/08 Pending Case, Denki Kagaku Kogyo and Denka Chemicals v Commission.
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Ruling and judgment from EU General Court