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Violation Tracker Individual Record

Company: LG Electronics
Current Parent CompanyLG
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $25,000,000
Year: 2014
Date: April 18, 2014
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: LG Electronics agreed to pay $25 million to indirect purchasers to settle its role in litigation regarding a conspiracy to fix the prices of computer cathode ray tubes for a dozen years starting in the mid-1990s.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 4:07cv5944, Mdl No. 1917
Case Name: In re: Cathode Ray Tube (CRT) Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.