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Violation Tracker Individual Record

Company: Royal Philips Electronics
Current Parent Company: Royal Philips
Penalty: $20,000,000
Year: 2017
Date: November 7, 2017
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Royal Philips Electronics and its joint venture partner Lite-On IT Corporation agreed to pay $40 million to indirect purchasers to settle their role in litigation concerning a conspiracy to fix the prices of optical disks. The court documents did not indicate how much each company would pay. Here we assume they each paid half the total.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:10md2143
Case Name: In re: Optical Disk Drive Products Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Netherlands
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.