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Violation Tracker Individual Record

Company: Royal Philips Electronics
Current Parent Company: Royal Philips
Penalty: $7,500,000
Year: 2016
Date: April 14, 2016
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Philips and its joint venture partner Lite-On IT agreed to pay a total of $15 million to direct purchasers to settle their role in litigation concerning a conspiracy to fix the prices of optical disks. Court documents did not specify how much each company would pay. Here we assume the total was divided equally between them.
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.