Global electronics brands fined €1.47 billion for anti-competitive cartels

Global electronics brands fined €1.47 billion for anti-competitive cartels


By: Alasdair Balfour, Claire Deeble

Following a five-year-long investigation, the European Commission (Commission) has fined Samsung, Philips, LG Electronics, Technicolor, Panasonic and Toshiba a total of €1.47 billion for price fixing, market sharing, customer allocation and output restrictions between 1996 and 2006.  The fine is the biggest ever imposed in the EU to date.  It relates to the companies' sales of cathode ray tubes, which are used in televisions and computer monitors.  The whistleblower, Chunghwa, was granted 100% immunity from fines, as it was the first to provide evidence to the Commission.

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