LCD Maker Says EU Inflated €300M Cartel Fine

Law360, New York (April 23, 2013, 7:53 PM EDT) -- Chimei Innolux Corp. will tell a European Union court Wednesday that the European Commission improperly inflated its €300 million ($390 million) price-fixing penalty by considering liquid crystal display panels sold outside the bloc.

The EU's General Court will hear Innolux's appeal of its 2010 fine for participating in a five-year international plot to fix the price of LCD panels used in laptops, televisions and other electronics. Though the Taiwanese electronics company is not contesting the EU antitrust watchdog's conclusion that it participated in the international cartel,...
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