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European Commission Sued By Italian Energy Trader

02/15/11

European Commission Sued By Italian Energy Trader

The Milan-based energy trader The Cube Srl, is suing the European Commission in order to recover over 200,000 allowances it had stolen last November. The company asked for up to $135,000 a day from the EC, according to their lawyer, Laurent Arnauts, head of the Brussels-based firm, Arnauts.

European Commission Sued By Italian Energy Trader

A spokesman for the commission, Isaac Valero-Ladron, said the commission is ''confident that the court will side with [them].''

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