EU imposes record fine on cartel that includes LG, Panasonic, Philips

news article released on: 5 December, 2012

The European Commission has imposed a record fine for antitrust against six major companies for practicing as a cartel for the better part of a decade. Philips, LG Electronics, Panasonic, Samsung SDI, Toshiba and Technicolor will have to pay 1.47 billion euros together for their part. EC officials concluded the companies fixed prices on CRT monitors and TVs for years, meeting in secret ...

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ZippyDSM

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Racket? Anti Trust? GO AFTER THE DAMN FILM AND MUSIC INDUSTRY!!!!!!!!!!!!

Copyright infringement is nothing more than civil disobedience to a bad set of laws. Lets renegotiate them.

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http://zippydsm.deviantart.com/

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Azuran

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I wonder how these fines compare to how much the illegal practices netted them in income.

Notcow

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One of the biggest reasons I have to not like Samsung: their price fixing. I can't get over how such an innovative and consumer-oriented company can go about taking the huge PR and financial risk of racketeering. Shame, shame.

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EU imposes record fine on cartel that includes LG, Panasonic, Philips

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