ECJ upholds LG’s €210M LCD panel cartel fine The European Court of Justice has said the EU Commission was right to fine LG €210 million for its LCD panel cartel involvement. In 2010, the Commish imposed fines totalling €648.925 million on six Korean and Taiwanese producers of liquid crystal display panels because of their participation in a cartel. One of the largest …
The courts should double the fine every time a guilty company appeals. The idea being to dissuade the practice of using appeals to 'fish' for a favourable result, or continually appealing because it buys time for inflation to eat away at the real value of the fine (ie. keep appealing until €210 mil is about the price of a beer at the pub).
There are good arguments why courts should not do what I'm suggesting but I'm over companies trying to buy the answer they want.
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