Market Overview

Whirlpool Won Key Decision in Antidumping Case Against LG, Samsung

Related WHR
Worst Performing Industries For August 21, 2014
Top Performing Industries For August 6, 2014
When Rate Hikes Come, They Will Ripple Across U.S. Economy (Fox Business)

Whirlpool Corporation (NYSE: WHR) today won a key decision in its appeal of a case intended to stop unlawful refrigerator dumping by LG and Samsung (OTC: SSNLF) in the U.S. market.

The U.S. Court of International Trade agreed with Whirlpool Corporation that the U.S. International Trade Commission made significant errors in a decision involving dumped and subsidized refrigerators from LG and Samsung. As a result of today's ruling, the court ordered the Trade Commission to reconsider whether the refrigerators, dumped at margins up to 15 percent, caused material injury to U.S. manufacturing. 
href="http://www.benzinga.com/pressreleases/14/01/n4219108/whirlpool-scores-another-win-for-u-s-workers">See full press release

Posted-In: News Guidance Legal Management Global

 

Related Articles (WHR + SSNLF)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters