TV Manufacurers Fined £1.2bn for Price Fixing Cartel

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Submitted by AlistairCharlton on Wednesday December 05, 2012 @09:12AM

AlistairCharlton writes "Samsung, Philips, Panasonic, and four other technology companies have been fined €1.47bn (£1.2bn) by the European Commission (EC) for participating in cartels that restricted the prices of televisions and computer monitors for 10 years."
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TV Manufacurers Fined £1.2bn for Price Fixing Cartel

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See coverage in NYT (Score:2)

by retroworks (652802) writes:

http://www.nytimes.com/2012/12/06/business/global/europe-fines-7-companies-for-picture-tube-price-fixing.html?hp [nytimes.com] It was called the "glass group" and began as an attempt to save CRT manufacturing, but continued into LCD world. Classic "slippery slop" of starting an "intervention" to save an industry (CRTs) and turning into a corrupt power to cheat.

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TV Manufacurers Fined £1.2bn for Price Fixing Cartel More Login

TV Manufacurers Fined £1.2bn for Price Fixing Cartel

See coverage in NYT (Score:2)