The European Commission imposes fines on producers of TV and computer monitor tubes for two decades long worldwide cartel (LG Electronics, Philips, Samsung SDI)

Largest Cartel Fine by the EU Commission* The EU Commission imposed fines on producers of TV and computer monitor tubes a total of € 1.47 billion for two decade-long cartels that operated worldwide (The press release is available here). Members of cartels include major firms like Philips, LG, Panasonic, Samsung, and Toshiba. Chunghwa from Taiwan got immunity as the first leniency applicant. These cartels were described by the Commissioner Almunia as the “textbook