A PYMNTS Company

EU: Philips, LG, Samsung appeal portion of $2B price-fixing fine

By  |  February 27, 2013

Philips, LG and Samsung have all appealed their respective fines issued by the European Commission for the price-fixing of cathode-ray tubes, a case that resulted in issuing nearly $2 billion worth of fines to electronics companies. Toshiba has also reportedly appealed its fine, though the EU General Court in Luzemboug did not confirm. The companies were fined last December after authorities in the EU, Japan and Korea conducted investigations; the companies were found to have conspired to fix the prices of the electronics display part.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.