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TV Manufacurers Fined £1.2bn for Price Fixing Cartel

AlistairCharlton (2525880) writes | about 2 years ago

Technology 1

AlistairCharlton (2525880) 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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See coverage in NYT (1)

retroworks (652802) | about 2 years ago | (#42190839)

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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