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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: $275,000
Year: 2011
Date: January 3, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: LG Electronics, Panasonic, Samsung, Sharp and Sony agreed to pay a total of $1.25 million and contribute $1.125 million of audio-visual equipment to Californian schools and institutions in settlement of allegations by District Attorneys in seven counties that they violated state law by stating TV screen sizes rounded to the nearest inch. The announcement did not specify how much each company would pay. Here we assume the amounts were divided equally among the five.
Level of Government: local
Action Type: agency action
Agency: California Multi-Jurisdiction Case
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
Facility State: California
Facility County: multi-county
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.