Guardian Industries Wins 30% Cut in EU Glass Cartel Fine

Guardian Industries Corp. won a ruling cutting an antitrust fine by 30 percent to 103.6 million euros ($129 million) as judges at the top European Union court criticized the way regulators calculated the penalty.

The European Commission failed to take into account the different structures of the companies it fined in 2007, the court said today.Excluding intra-group sales in setting the fines led to a relatively bigger fine for Guardian Industries than for firms that sell a high proportion of products to their own units up the supply chain, the judges ruled.

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600450 Guardian Industries Wins 30% Cut in EU Glass Cartel Fine glassonweb.com
Date: 14 November 2014
Source: www.bloomberg.com

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