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Violation Tracker Individual Record

Company: LG Electronics
Current Parent Company: LG
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $25,000,000
Year: 2013
Date: March 15, 2013
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: In a lengthy case, LG agreed to pay $25 million to direct purchaser plaintiffs to settle its role in 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
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.