European Commission Upholds Graphite Electrode Cartel Fines

Several members of a grahpite electrode cartel challenged the propriety of a December 2003 decision to impose massive fines, but not the liability decision, for a price fixing scheme that began in the late-80s/early 90s.  The Commission upheld all of the fines.  The fines upheld ranged from 23 million to 43 million euros.

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