| Some front line companies such as Samsung and Philips along with the biggest electronics retailer in Europe, Media Saturn, had to deal with unannounced guests from the European Commission. Neither of the companies divulged any details of the raid, though they did confirm their premises were subjected to scrutiny on suspicions of an unfair collusion to limit the sale of devices to jack up prices. The companies will be liable to pay 10 percent of their global earnings if found guilty by the EU Anti-trust Regulator. No charges were pressed though and it's not known either if any incriminating evidence were found against any of the parties involved. The raid comes at a time when retailers are having a hard time keeping themselves relevant against online operators such as Amazon, Otto, Staples and the likes. The three companies have, however, pledged all support towards completion of the investigation.
Samsung, Philips Raided in EU on Suspicions of Indulging Unfair in Trade Practices is a post from: E-Reader News |
Tuesday, December 10, 2013
Samsung, Philips Raided in EU on Suspicions of Indulging Unfair in Trade Practices
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