LG Said to Face EU Fines With Philips, Panasonic for Cartel
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LG Electronics Inc., Panasonic Corp. and Royal Philips Electronics NV may be fined by European Union antitrust regulators within weeks over price-fixing agreements for cathode-ray tubes used in televisions, four people said.
Technicolor SA is also among companies earmarked for possible European Commission fines as soon as Nov. 28, one of the people said. Other manufacturers including Toshiba Corp. have been asked to meet with EU officials prior to a preliminary decision on fines by a panel of EU and national competition authorities, another person said. The people spoke on condition of anonymity because the process isn’t public.