EU hits Philips, LG, Samsung, others with $1.9B antitrust fine
European antitrust authorities have imposed a series of fines against former producers of cathode-ray tube (CRT) televisions and computer displays for "cartel" activity, amounting to 1.47 billion euros ($1.92 billion) in total.
The companies were charged under EU antitrust and competition law with fixing prices in the CRT television market -- a long-lived technology that was gradually replaced by alternatives such as liquid-crystal display (LCD) and plasma displays -- for a decade ending in 2006.
In a statement today, the European Commission said the companies artificially "fixed prices, shared markets, allocated customers between themselves and … Read more

