Reuters: Technology News: Panasonic to appeal EU ruling on cathode-ray tube cartel

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Panasonic to appeal EU ruling on cathode-ray tube cartel Dec 21st 2012, 07:31 Tweet Share this Email Print Related News Panasonic to appeal EU ruling on cathode-ray tube cartel 1:55am EST Analysis: In pixel wars, LCD has staying power, refuses to die Mon, Dec 10 2012 Dutch consumers group to seek damages from Philips Fri, Dec 7 2012 Japan's Toshiba says planning to appeal EU ruling on cartel Wed, Dec 5 2012 LG Electronics says will appeal against EU ruling on cartels Wed, Dec 5 2012 Panasonic Corp logos are seen at an electronics store in Tokyo November 15, 2012. Credit: Reuters/Toru Hanai TOKYO | Fri Dec 21, 2012 2:31am EST TOKYO (Reuters) - Japan's Panasonic Corp said on Friday that it would appeal a decision by the European Commission to fine it 252 million euros ($327 million) on charges of fixing prices for TV and computer monitor cathode-ray tubes along with five other companies. The European Commission fined six firms, including Philips, LG Electronics Toshiba Corp Samsung SDI and French company Technicolor a total of 1.47 billion euros, its biggest antitrust penalty in history. The Commission on Dec 5 said executives from the European and Asian companies had met until six years ago to fix prices and divide up markets for TV and computer monitor cathode-ray tubes, a business that has since been replaced by flat panel displays. Panasonic in a statement said it "will seek a fair judgment". Until now, the Commission's biggest antitrust penalty had been a 1.38 billion euro fine imposed on participants in a car glass cartel in 2008. (Reporting by Tokyo Newsroom; Editing by Ron Popeski) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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