BRUSSELS, July 13 (Reuters) - Dutch electronics maker Philips and South Korea's LG Display said on Monday they had received a custody panel from the EU's regulatory arm about suspected price-fixing on LCD panels. The European Commission said earlier that it had sent a "statement of objections" to a party of liquid-crystal splash makers for suspected molestation of cartel rules, but did not prestige the companies involved. "The artifact under quest is the pure component of thin, categorical monitors Euphemistic pre-owned in nimble phones, televisions, computers, digital watches, pinch calculators, small music players (MP3) and digital cameras," a utterance from the antitrust watchdog of the 27-country European Union said.
Philips said it received the assail weekly as a historic shareholder of LG Display and this did not cantankerous it was completely involved. LG Display, the world's No. 2 maker of LCD panels, said it was reviewing the assertion of objections but declined to opinion further. The annunciation of objections is a punctilious progression in EU antitrust investigations in which the Commission informs the parties interested about the objections raised against them. Sending a report of objections does not prejudge the indisputable follow-up of the procedure, the Commission says, and the companies can riposte to its objections.
In a disconnected case, LG Display in November pleaded sorry to LCD price-fixing in the United States, along with Japan's Sharp Corp and Taiwan's Chunghwa Picture Tubes. LG Display paid $400 million in fines then. A spokesman at Samsung Electronics, the world's No. 1 LCD maker and LG's institution rival, declined to exposition on the up-to-date increase but said it had been fully cooperating with the EU investigation, which started in 2006.
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