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on June 16, local time on Thursday, Toshiba, Sony and Samsung Electronics lost the anti-monopoly case filed with the EU Supreme Court. They were accused of manipulating the purchase price of optical drives seven years ago and were fined a high amount

in 2015, the European Commission fined 116million euros (120.5 million dollars) to five companies, among which Toshiba Samsung Storage Technology Co., Ltd., a joint venture between Toshiba and Samsung Electronics, was fined the most, amounting to 41.3 million euros. Hitachi LG data storage was fined 37million euros

other companies fined include Sony, Sony optiarc, a joint venture between NEC and Sony, and Quanta storage. Philips avoided fines by issuing a warning to the EU antitrust enforcement agency

according to the European Commission, this case involves the CD-ROM drives used in Dell and HP notebook computers and desktops. In 2019, the second European High Court agreed with the decision of the European Commission on this antitrust case and rejected the appeals of these companies

Sony, Sony optiarc, Toshiba Samsung storage technology and Quanta storage subsequently appealed to the EU Court of Justice (cjeu), but the latter still supported the original judgment

when talking about fines, the European Supreme Court said: "any factors that monopoly participants rely on or any public policy basis cannot be used as a reason to reduce fines."

however, the judge also repealed some decisions of the European antitrust authority. They held that: "the European Commission failed to fulfill its obligation to state its reasons, nor did it prove that there were other infringements besides the single and continuous infringements of the relevant enterprises." (small)

2023-03-22 10:04:53