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Violation Tracker Individual Record

Company: Panasonic
Current Parent Company: Panasonic
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $7,166,667
Year: 2022
Date: May 10, 2022
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Hitachi, LG, Philips, Samsung, Toshiba and Panasonic agreed to pay a total of $43 million in restitution in settlement of allegations by the Illinois Attorney General's Office that they conspired to fix the prices of CRTs in televisions and monitors. The settlement did not specify how much each company would pay. Here we assume they each paid an equal share of the $43 million.
Level of Government: state
Action Type: agency action
Agency: Illinois Attorney General
Civil or Criminal Case: civil
Facility State: Illinois
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: consumer electronics
Source of Data: (click here)
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.