Italian Cable Co. Denies UK Utility's £188M Cartel Claim

Law360, London (June 17, 2019, 9:44 PM BST) -- Cable manufacturer Prysmian SpA has hit back at National Grid's claim seeking to recover £188.2 million ($23.6 million) in losses the British utility says it suffered from a power cable cartel found to have rigged the EU market for over a decade.

Italian-based Prysmian and four of its subsidiaries have denied that National Grid, Britain’s largest transmitter of electricity and gas, has any claim against them for damages, arguing that the 2014 European Commission fine on which the suit is based did not conclude that the alleged breaches of the cartel affected the allocation or price of any of National Grid's...

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