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Court Dismisses Evonik's Appeal Against Methionine Price-Fixing Fine

6:16 AM MDT | May 23, 2008 | Kerri Walsh

The European Court of Justice has dismissed Evonik Degussa’s appeal against a €91.1-million methionine price-fixing cartel fine. Degussa, the predecessor of Evonik Degussa, was originally fined €118 million in July 2002 by the European Commission for conspiring to fix the price of methionine between 1986 and 1999. The fine was reduced to €91.1 million by the European Court of First Instance in April 2006 because the initial fine was too high since Degussa had cooperated with the commission’s investigation. The European Court of Justice...

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