By Silvia Martelli (Sept. 29, 2021, 10:35 p.m. BST) – Five Japanese electronics manufacturers on Wednesday lost a lawsuit against € 216 million ($ 251 million) in fines from the European Commission for operating a cartel cartel for electrolytic capacitors.
The General Court of the European Union rejected offers from NEC, Nichicon, Tokin, Rubycon and Nippon Chemi-Con to reduce or waive the price-fixing fines imposed by the competition authority in 2018.
“The court rejects all the arguments put forward by the companies and maintains the fines imposed by the Commission,” said the court.
In March 2018, the Commission fined eight Japanese capacity manufacturers for fixing prices for the supply of …
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