Panasonic to Appeal European Commission Decision on CRTs
Panasonic Corporation (NYSE: PC) announced today
that Panasonic and its subsidiary MT Picture Display Co., Ltd. ("MTPD")
have decided to appeal to the European General Court against the
decision* adopted by the European Commission on December 5, 2012,
because Panasonic believes this decision is factually and legally
erroneous as it applies to Panasonic and MTPD.
Panasonic and MTPD have already exited the CRT business, but will be
stating their arguments at court and seeking fair judgment.
* The European Commission has issued a decision finding that a number of
companies, including Panasonic and MTPD, previously participated in an
agreement to restrict competition in the sale of Cathode Ray Tubes for