LG Display then appealed, seeking a greater reduction of the fine. It argued that the Commission, in calculating the fine, should not have taken into account panel sales to the company’s then parents LG Electronics and Philips.
It added that the fine should be determined by overall sales on the market affected by the infringement, irrespective of whether the prices of those sales were or were not affected by the cartel.[pro_ad_display_adzone id=”10″]
Philips sold off its stake in LG Display in 2008, until when the company was called LG Philips LCD
In total, the European Commission set fines in 2010 of 648.9 million euros for six Korean and Taiwanese panel producers. Samsung was exempted from a fine as it was the first to provide information about the cartel.
The largest fine, of 300 million euros, was imposed on Innolux. It has also appealed against its fine, which was trimmed last year to 288 million euros. The court’s advisor is set to give an opinion on that case on April 30.
(Reporting By Philip Blenkinsop; editing by Robert-Jan Bartunek)(Reuters)