European Court upholds fine of 210 million euros for LG Display




he European Court in Luxembourg has kept on display manufacturer LG Display fine of 210 million euros by the EU. The Korean display manufacturer got the penalty for cartel.

LG Display had appealed against the fine imposed in 2010 by the EU imposed . According to the European regulator, along with LG Display, AU Optronics, Chimei Innolux, Chunghwa Picture Tubes and HannStar Display have to be fined after Samsung had made in 2006 reported a ‘LCD cartel. The cartel would have made a common price which has impeded competition. In total, the EU issued a total of 649 million euros of cartel fines.

The lawyers of LG Display argued in the appeal that the regulator has taken wrongly supplies LCDs to parent company LG Philips and the former partner in determining the amount of the fine. According to LG Display were these deliveries outside the prohibited cartels. The European Court has swept these arguments from the table and sets the amount of the fine is determined by the total turnover. This LG Display must still pay the fine of 210 million euros.

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Comments (36)

Response Filter: -1 36 0 36 +1 27 +2 1 +3 0 Moderation faq • Change view
+2 Luuk1983
April 23, 2015 13:36
According NU.NL fine of a few million less than the original fine:
LG Display must now pay a fine of 210 million euros, or 5 million less than the original penalty. LG Display posted in the most recent quarter, 630 million profit.…miljoen-euro-betalen.html

The document to which the link in the article it also:
In 2014, the Court confirmed that decision largely, but to LG Display
fine imposed on it by 5 million verlaagd.2
In other words, the article suggests to my mind that the original penalty is maintained and that they’m so still have to pay, but that is not true. The fine is indeed not off the table, but so was lower than it was.
[Response modified by Luuk1983 on April 23, 2015 13:39]
+1 TIGER79
@ Luuk1983 • April 23, 2015 14:03
beyond the fact of course that the original 215 million in 2010 is now worth less given the average European inflation rate of about 2% per year …
In other words, it paid off for LG, they are surely at this time about 20 to 25 million cheaper ….
+1 Alcindo
April 23, 2015 13:43
Nice that Europe gets money. But those people who (may) have not paid much better for it.

The money from the fine must come from somewhere.
So the prices go up.
Ultimately, the consumer who paid the bill yet again.
The consumer is thus now twice “bitten”.
+1 Croga Tweakers Plus
alcindo • April 23, 2015 14:08
First: The fine goes into the coffers of the EU and therefore the countries have to contribute less and so we have to send less money from European citizens towards.
Second: Sales price has nothing to do with the cost incurred by a company. The price is determined by the market, not by a fine that LG must pay.

Either: Nope, consumers notice this fine nothing. The consumer is even (a tiny bit) better because of the fine goes to paying things that should be paid differently with tax money.
+1 HMC Tweakers Plus
Croga • April 23, 2015 15:15
That reasoning is true, but who believes there really think therefore the annual contributions from the EU Member States, the EU, have been less successful with such fine? 😕

I would like to resolve to see reflected in the figures.
An EU pdf on the annual use of money which is a section along the lines of:
“Member states paid x% less contribution, due to the factthat y company was successfully prosecuted for the amount or z million Euros.”

And anyway x will still approaching to zero integer. : P
+1 Croga Tweakers Plus
HMC • April 23, 2015 15:30
Even so, the contribution of Member States is not going down, it means that there are so more can be done. Left or right is that “benefit” of citizens.
0 HMC Tweakers Plus
Croga • April 23, 2015 15:36
Since I do not necessarily go out, that “the good of the EU citizen comes.”
That more can be done you’re right, sure, but whether that benefit from us is still a question.
I call empty brand new airports and EU parliamentarian-paychecks but just as an example.

Left or right, I am still a bit skeptical about what is happening now with all those “nice” extra “benefits”.
+1 Croga Tweakers Plus
HMC • April 23, 2015 15:56
Point remains that it is a closed system ….. What goes out remains the same, what comes in must cover that. If that is partially covered by a fine, that part does not have to be covered by the public ….
0 HMC Tweakers Plus
Croga • April 23, 2015 16:05
d that mean that there are so more can be done
What goes out remains the same, what comes in must cover that. If that is partially covered by a fine, does that portion not covered by the public to be
Contradict say talk about yourself. : S
You start on that there will be more, so that will yield benefits because there may more. Now, go ahead about what will remain the same look, but earlier you said that there may be more, as more enters.
Do you understand it yet? I do.

I also agree with you that there CAN be done, but what is done more than I am skeptical, as I said.
+1 FreezeXJ Tweakers Plus
HMC • April 23, 2015 15:34
The total budget of pack-em-bite 100 billion per year are that kind of money does away yes. However, the fact remains that this is in the greenhouse, as traffic fines, which still actually monitor buyers have paid extra tax.
+1 CC12
alcindo • April 23, 2015 13:54
Will be difficult to raise prices in a fiercely competitive market where a surplus.
+1 SaiKoTiK
@ CC12 • April 23, 2015 14:05
Yes, but that’s what happens when they give penalties to the companies.
These are costs that are passed on to the customers.

They would be better then the people who took the decisions and lovely bonuses received, approaches.
Otherwise, there is no reason for these bosses, bosses or from other companies, not to do the same.
When years later the company gets a penalty they no longer suffer from but their pockets are very well filled.
However, if the people were punished they might think twice in the future.
+1 CC12
SaiKoTiK • April 23, 2015 14:18
Do not you think that kind of business just by the cartels have built up a lot of power?

Incidentally, I do agree with you that the one who should be responsible punished. No more excuses for these so-called ‘toppers’ just like everyone really take the responsibility.
[Response modified by CC12 on April 23, 2015 14:25]
0 SaiKoTiK
@ CC12 • April 23, 2015 14:36
Such fines for those companies is indeed perhaps only a fraction of the extra profits they made.
That’s why they would need to address the decision makers and the tray rotation, so that others would not make such decisions.

offtpopic: my previous response to somehow apparently flamebait, trollerig or offensive? wtf!
+1 EmilioC
alcindo • April 23, 2015 14:00
Eventually, in this way, money in the drawer at the EU money has to be now not be met elsewhere. The consumer is thus not bitten 2nd time ..
+1 kramer65
alcindo • April 23, 2015 14:04
However, one starts from a precedent. By one company to punish his cartel activities, other companies will it fail to form a cartel and thus the rest of the market will work properly and will decrease the average price. So the idea is, at least.

I must say that I would approve it as the top of a fine, anyone with such product (TV) can recover an x-amount. If you involve consumers more in the judiciary and the law will be more broad. So my own mind at least .. 🙂
+1 worldcitizenParis
alcindo • April 23, 2015 14:18
Nice that Europe gets money. But those people who (may) have not paid much better for it.

The money from the fine must come from somewhere.
So the prices go up.
Ultimately, the consumer who paid the bill yet again.
The consumer is thus now twice “bitten”.
For this case, it will provide no benefit to the consumer. But for the future though.
The probability that manufacturers will make a cartel will become smaller. Allowing more competition will be making the price will be lower.
In the end benefits to the consumer.

The EU is doing this kind of business not for fun but purely to prevent unfair competition.
That you see that as a disadvantage, I do not understand.
0 EektheMan
alcindo • April 23, 2015 18:02
Beyond what Croga suggests Philips can probably expect a CRT claim by the Consumer Federation. They hope a mass claim money from the direct victims (civilians) to return. Keep your receipt so good 🙂…e-dure-televisie-12619353
[Response modified by EektheMan on April 23, 2015 18:04]
0 twaekers
alcindo • April 23, 2015 18:16
“The money from the fine must come from somewhere.
So the prices go up.
Ultimately, the consumer who paid the bill yet again.
The consumer is thus now twice “bitten”. Totally juist😉
[Response modified by twaekers on April 23, 2015 18:18]
+1 bento smit
April 23, 2015 13:25
There should be uberhaupt a price indicator for the individual panels. The consumer would then be able to quickly see how much they paid for a TV for housing system smart and fun gadgets.
+1 CC12
bento smith • April 23, 2015 13:28
Expect this seriously? And where is the development of a product?
@ CC12 • April 23, 2015 15:14
The development of the LCD panel are included in the price of the LCD panel, so that’s clear.

The price of what the device manufacturer attached to it hangs (not broken down in closet and gadgets, which is nonsense because it is usually economically and technically production forms one whole) also includes the development of the device.

As device and panel generally in a separate (though with consultation between the manufacturers) be developed that would be feasible in theory … BUT …

Given the large amount panel and device variations even within one device type, it becomes a big burden. Flashy or positive again for the repair and recycling industry, because it also results in public and complete lookup lists where you can find each type of appliance panel. Useful if you have a panel, inverter, etc. TCON need!
[Response modified by on April 23, 2015 15:15]
+1 the_shadow
bento smith • April 23, 2015 13:29
Then you would have to do for all the devices on the market: PCs, laptops, telephones, washing machines. Therefore, not feasible.
0 bento smit
the_shadow • April 23, 2015 17:02
Then you would have to do for all the devices on the market: PCs, laptops, telephones, washing machines. Therefore, not feasible.
Project ara’s already pretty far with that modular thought, a catalog there I found not so bad sound
+1 NightFox89
bento smith • April 23, 2015 13:49
After which you all bluntly provokes reactions, considering what it takes to look like that one seems to forget. (R & D, logistics, personnel etc etc)
+1 atlaste
bento smith • April 23, 2015 14:00
I have a little trouble with the word “shall”.

In itself it is of course you are free to disassemble products, the raw components to look for in terms of price and publish them on a website. Seems pretty fun and very interesting to occasionally watch. In short, great idea; going to carry it.

In principle, such a nice website / idea only release of business. Basically you are a manufacturer / supplier in control of your own sales channel including the associated pricing. So you can just ask for what you want your products, production or not. It is then up to the customer to decide whether they agree with the proposal or not. Must thereby nothing there. The only thing is that certain things are not ‘allowed’, as described in this article T.NET.

But again, good idea; going to do it especially.
0 bento smit
atlaste • April 23, 2015 17:00
The idea came a bit out of self build computers, I was looking at the mark-up that count stores to put such a thing into another.
Then I thought of something similar with TVs should also be possible, lots of tv’s etc. Well once use similar (sometimes identical) screens. For example, I may even throw eyes on a blog of a crt lover (of course some obsolete nowadays), that an “ultimate” CRT TV did put together with several old TVs.

The major point to me that stops at this time is the enormous logistic enterprise of setting up a Web site equation, in which much of the data has to be produced experimentally. Imagine the dismantling TVs to study their entrails. However, should any more voices who would like to share their little bit of knowledge in this field than I can possibly in first create a page on JIT.

A man can always dream that he / she establishes the second 😉
0 Jan Ham
bento smith • April 23, 2015 18:03
A panel manufacturer can indicate how much a panel costs but that does not mean that a TV manufacturer will pay that price. A large TV maker decreasing 20 million panels per month pay per panel considerably less than a small manufacturer that only decreases 2 million per month.
Intel stand prices of CPUs and chipsets. Dell, HP and such manufacturers pay significantly less than what intel indicates that as price.
+1 Iblis
April 23, 2015 13:26
Wonder how LG has taken this into account.
It’s been going for a while with less display and then you see that there is a fine open and still pays to be. At one the money and banks no longer willing to lend money.
+1 Inflatable Mouse
Iblies • April 23, 2015 13:32
LG has put that money aside naturally long and captures it so for 5 years interest. These companies are not stupid, of course. If those CEO in his nose picking, there is still more money.

LG has also been deployed on a large scale OLED.
+1 seba
InflatableMouse • April 23, 2015 13:38
Well, not exaggerate, 210 million euro for LG even a decent sum.
+1 Iblis
InflatableMouse • April 23, 2015 13:47
€ 210 million Euro cash leave on your balance sheet, shareholders are not happy.
When claims are as a rule but actually put aside a fraction, and the rest are due course coughed where hot soup often less drunk than served. LG obviously hoped that a slightly lower amount will roll out.

It may even be cheaper to stay proceedings and thus a sum equal than on your knees coughing up the amount. After such a statement it plummets to share what then recover,
only then issue shares or bonds may be more favorable.

Only now I have not seen that LG recent years doing well.
0 Inflatable Mouse
Iblies • April 23, 2015 13:57
Last quarter, more than EUR 600 million profit.

LG is indeed doing well though.
+1 Devi2012
April 23, 2015 13:24
Bit of a shame, as it always goes in the tech world,
Samsung is also not hear fresh soup
Could still remember saving memories that Intel when the time too many electronics stores to be trumpeted intel cpus
+1 curumir
@ Devi2012 • April 23, 2015 14:56
Indeed, in the previous article the role of Samsung something was clear:
news: AU Optronics will appeal LCD cartel decision EU
Samsung is also one of the six partners in the LCD cartel, but this company does not have to pay a fine, because the European Commission of the existence of the cartel was informed.
+1 computer junky
April 23, 2015 14:22
Meanwhile, it has long been written off as a loss and they will generate money.
Companies know this stuff well and work smart way so that they themselves cost nothing.
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