EC Fines Panasonic Over Breach of Competition Laws
16 December 2011
Yahoo News reports that the European Commission (EC) has issued Panasonic with a US$10.3 million fine “for violating European competition law in connection with the sales of refrigerator parts”. Panasonic was reportedly found to have engaged in a price-fixing cartel with Italian, Danish and Brazilian companies from April 2004 until October 2007.
Yahoo News: Panasonic fined in European price fixing case (8 December 2011)
(Source: Yahoo News)