Sony, Philips Dodge $43M Fine In French Price-Fixing Suit

Law360, New York (February 23, 2012, 6:17 PM EST) -- A French court has thrown out a €32 million ($42.5 million) fine leveled by France's competition authority against Sony Corp. and Koninklijke Philips Electronics NV over an alleged consumer electronics price-fixing scheme, Sony's lawyers said Thursday.

The Paris Court of Appeal on Feb. 16 overturned penalties imposed in 2005 by what was then the French Competition Council  against the two electronics makers, according to a statement from Sony's attorneys.

The court's ruling held that recorded phone calls of the companies' employees and others, which the French...
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