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Panasonic Corp on Saturday announced that the company and its subsidiary MT Picture Display Co have decided to appeal to the European General Court against the decision adopted by the European Commission on Dec 5 on its sale of cathode ray tubes for televisions.
Panasonic said it believes the decision is factually and legally erroneous as it applies to Panasonic and MTPD. Panasonic and MTPD have already exited the CRT business, but will be stating their arguments at court and seeking fair judgment.
The European Commission issued its decision finding that a number of companies, including Panasonic and MTPD, previously participated in an agreement to restrict competition in the sale of the tubes sold in Europe in violation of EU competition law.
© BusinessWire
6 Comments
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technosphere
Do they wish to produce CRTs again? Could anybody explain ?
Shaun Johnson
I'd buy a new CRT to play my old game systems on.
GW
Price fixing & J-companies who'd a thought that might happen
WilliB
I didn´t even know CRT TV are still produced? What is this.... back to the future?
cwhite
CRT's are still used for hi-res high speed digital videos and CG,. Can't think of anything else....
escape_artist
No company should ever be able to usurp the laws and desires of a nation or regional group of nations, especially a company from another culture. In the guise of "free trade", we've allowed corporations to control our lives. Enough is enough. If Panasonic can't sell them in Europe, then maybe they should make products that people there do want to buy.