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Prym drops appeal against EC fasteners cartel fine

By Lewis Crofts ( February 21, 2012, 16:43 GMT | Insight) -- German haberdasher William Prym has dropped its appeal before the General Court, which contested a European Commission fine for cartel conduct on the fasteners market. Early last year, the EU regulator cut the firm’s sanction by 25 million euros to 15.5 million due to Prym's inability to pay.Brussels - German haberdasher William Prym has dropped its appeal before the General Court, which contested a European Commission fine for cartel conduct on the fasteners market. Early last year, the EU regulator cut the firm’s sanction by 25 million euros to 15.5 million due to Prym's inability to pay....

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