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Whirlpool Won Key Decision in Antidumping Case Against LG, Samsung

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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

 

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