Concrete Co. Loses Challenge To £25M Cartel Fine

Law360 (December 22, 2020, 8:08 PM EST) -- The U.K.'s Competition Appeal Tribunal on Tuesday rejected construction supply firm FP McCann Ltd.'s challenge of a £25 million ($33.4 million) fine levied by the country's competition enforcer for participating in a cartel to fix prices for precast concrete drainage pipes.

The tribunal issued a judgment Tuesday that rejected FPM's appeal, saying the company did not look to challenge that it was part of an agreement meant to distort competition. Rather, the judgment said, FPM challenged the extent to which it implemented the agreement and other aspects of the Competition and Markets Authority's penalty calculation.

FPM first tried to argue that...

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