ECJ C - 227 / 14 P
The European Court of Justice confirmed the fine of 210 million Euros issued by the European Commission against LG Display in 2010 for creating a pricing cartel for LCD panels in the years 2001 to 2006.
One of the main questions in this proceeding was if LG Display, which was owned by LG Electronics and Philips, was only an entity of another group company and hence its sales to its mother companies for a fixed price was only an internal matter rather then the external creation of a pricing cartel.
The court found that LG Display did not form a vertically integrated group company with LG Electronics and Philips as the various levels of production and sales were not integrated into one. The sales to those mother companies by LG Display were therefore to be seen as transactions with external parties which had to comply with unfair competition law.