EU High Court Upholds €116M Disk Drive Cartel Fines

By Bryan Koenig (June 16, 2022, 6:00 PM EDT) -- Europe's top court upheld the full €116 million ($123 million) in fines lobbed against the likes of Sony and Quanta on Thursday for conspiring to rig bids for Dell and Hewlett-Packard's business, even as it faulted antitrust enforcers for not giving the electronics companies sufficient notice to defend themselves.

In a quartet of decisions, the European Court of Justice rejected most of the grounds of appeal from Sony Corp. and Sony Electronics, Sony Optiarc, Quanta Storage and a joint venture called Toshiba Samsung Storage Technology Corp., who collectively were fined in 2015 for coordinating their bids for optical disk drives sold...

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