Matsushita, Samsung Searched By Japanese FTC

Law360, New York (November 9, 2007, 12:00 AM EST) -- Matsushita Electric Industrial Co. and Samsung SDI Co. said on Friday that they are cooperating with Japanese antitrust authorities, which reportedly searched the companies' cathode ray tube production facilities.

A spokesperson for Matsushita confirmed published reports of the search, while Samsung could not immediately be reached for comment.

“Matsushita Electric is cooperating with the investigation,” the company's spokesperson said.

Japan's Federal Trade Commission is investigating suspicions of price-fixing in the Japanese, South Korean and Taiwanese markets, according to published reports. The Japanese regulatory body has not...
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