The Court of Justice of the European Union on Thursday upheld a $1.55 billion fine slapped on Samsung SDI over allegations of rigging prices for parts used in computer and TV screens.
In December 2012, the European Commission imposed the penalty on Samsung SDI, the battery-making arm of South Korea’s top conglomerate, and its Malaysian and German affiliates for allegedly fixing prices and allocating customers between themselves from 1996 to 2006 in the television and computer cathode ray tube markets.
The tubes accounted for 50-70 percent of the price of screens.
Full Content: The Australian
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