Toshiba, Sony lose fight against EU cartel fine

Toshiba, Sony lose fight against EU cartel fine
Representative image Image Credit: ANI
  • Country:
  • Belgium

Toshiba, Sony and Samsung Electronics on Thursday lost their court fight against an EU cartel fine levied seven years ago for colluding in procurement tenders for optical disc drives.

The Luxembourg-based EU Court of Justice, Europe's top court, backed the penalties imposed by the European Commission in 2015. Judges however partially annulled part of the EU competition enforcer's decision.

Give Feedback