A nearly $2 billion fine has been issued by the European Commission to manufacturers of cathode-ray rubes (CRTs) for their involvement in two separate cartels between 1996 and 2006. According to the European Union, 50 to 70 percent of a screen is determined by the price of CRTs. The investigation found that seven international manufacturers of electronics that use CRTs conspired together to fix prices and share commercial information, thereby hampering competition. The Commission noted that not all of the companies found in violation – which include LG Electronics, Panasonic and Toshiba – participated in both cartels, and not all fixed prices of all types of CTTs. The final fine was issued for $1.92 billion. Taiwanese company Chunghwa received full immunity as it was the first to come forward with information regarding the cartel activity.
Full Content: PC Advisor
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI