Philips Targeted In Cathode-Ray Antitrust Probe

Law360, New York (November 21, 2007, 12:00 AM EST) -- Dutch Royal Philips Electronics NV joined the ranks of its competitors Wednesday, saying it too was being investigated by officials for violating competition laws in the cathode-ray tube industry.

The announcement comes on the heels of European Commission and Japanese antitrust authorities searches of facilities as part of a probe. Cathode ray tubes are used in many television and computer monitors.

"As one of the companies that was active in the CRT business, Philips is subject to these ongoing investigations," the Dutch company said, according to...
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