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Pirelli's EU challenge to parental liability for power-cable fine rejected

By Nicholas Hirst ( October 28, 2020, 11:52 GMT | Insight) -- Pirelli today failed in its bid to persuade judges at the bloc's top court to overturn an EU antitrust decision that saw the company fined 67.3 million euros for its role in a power-cable cartel. The Italian multinational disputed the European Commission’s assessment that it was fully liable for the illegal activity of its former subsidiary, PirelliCS, now known as Prysmian.Pirelli today failed in its bid to persuade judges at the bloc's top court to overturn an EU antitrust decision that saw the company fined 67.3 million euros ($78 million) for its role in a power-cable cartel....

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