In 2004-2007, Samsung, Sony, Sanyo, and Panasonic under the collusion of artificially raising prices, they produce lithium-ion batteries, which the European Commission reported … Samsung avoiding paying a penalty.
Powerful corporations do not always compete with each other, because in some situations better for them to cooperate, which is not always operate within the law. Exactly worked in the case of price fixing, Samsung, Sony, Sanyo and Panasonic, which in 2004-2007 artificially raising prices, they produce lithium-ion batteries, which widely use in smart phones, laptops and cameras. Producers wanted to avoid aggressive competition between them, and thus earn more. Due to address the European Union bodies. The European Commission has recognized Samsung, Sony, Sanyo and Panasonic guilty of unlawful price-fixing, and they confessed. Imposed financial sanctions reach a total of 165.8 million euros, which have to pay Sony (29.8 million), Sanyo (97.1 million) and Panasonic (38.9 million). The fine for Samsung was calculated at 57.7 million, but the Koreans do not have to pay it, because that's what they reported about the case to the European Commission. Source: Business Insider Poland