LG Display appeals price fixing fine

AUTHOR: Inavate

LG Display will appeal against a fine imposed by the European Union for price fixing, according to a report on business news site, Bloomberg.

It had been thought that LG may appeal the ruling since December last year but Bloomberg has now revealed that the company filed an appeal on February 23, asking for a reduced penalty.

The company was one of four display manufacturers to be fined alongside Chi Mei Optoelectronics Corp in December. It was hit with a penalty of €215 million.