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32M euro fine for price-fixing to be returned to Royal Philips and Sony

 |  June 20, 2012

Royal Philips Electronics and Sony won their appeals against the Autorité de la concurrence in a Paris court. The judgment requires a 32 million euro fine (approximately $42.6 million) for price-fixing consumer electronics to be returned. The court found that after excluding evidence from secretly recorded phone calls, there was not enough evidence to uphold the fine.

Source: Bloomberg


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