Bang & Olufsen, Philips liable for damages of price fixing




Bang & Olufsen, Philips in Denmark liable for any damage million. Which would result from price agreements with other companies that Philips has made in the field of TV components. The cartel has been previously convicted in 2012 by the European Court.

The Danish newspaper Børsen writes the Bang & Olufsen damage claims from Philips and LG. It is not known how high the price is, but it would go to millions. The price agreements are then made ​​by LG, Philips and other companies, including Samsung, Panasonic and Toshiba. These were agreements on the sale of CRT’s. The agreements were valid between 1996 and 2006 and Philips made a fine of 313 million euros. In September the European Court of Justice decided to make this fine state.

According to a spokesman, Philips filed a summons which the court seeks to determine which Philips is not liable for infringements of European competition law. The fact that Philips has already paid a fine does however not that it means the damage is removed by a third party. The existence of a fine imposed by the European Court can be Bang & Olufsen as evidence in the proceedings.


In: A Technology & Gadgets Asked By: [22034 Red Star Level]

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