Top EU Court Urged To Trim Steel Co.'s Cartel Fine

Law360, London (October 8, 2020, 6:09 PM BST) -- A legal adviser told the European Union's top court Thursday that the €3.9 million ($4.6 million) fine imposed on Italian steel producer Pometon SpA for participating in a cartel has been miscalculated and should be reduced, though he said there was sufficient evidence supporting the antitrust penalty overall.

In a nonbinding opinion to the European Court of Justice, Advocate General Gerard Hogan said the cartel fine imposed on the steel abrasive manufacturer — for allegedly agreeing with rivals to fix a surcharge on steel abrasive materials — should be slashed to €2.6 million.

Though the European Commission determined Pometon's role in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!