ECJ GRAPHITE
June 1st, 2005
BY KEITH NUTHALLA HEAVY fine levied by the European Commission on Germany's SGL Carbon for participating in a cartel on the speciality graphite market has been reduced from Euro 27.75 million to Euro 18.45 million. Following an appeal against the fine, the European Court of Justice's (ECJ) Court of First Instance has confirmed that SGL and three other companies should be fined for market fixing; however, it said Brussels' "was manifestly incorrect" when calculating the German company's fines. Because these were based on figures supplied by SGL that covered ...
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