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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

European Cathode Ray Tube Cartels

The European Commission (EC) fined seven companies including Philips a total of €1.47 billion ($1.92 billion) for participating in either one or both of two distinct cartels in the sector of cathode ray tubes (CRTs). The EC alleged that between 1996 and 2006 the companies fixed prices, shared markets, allocated customers between themselves, and restricted their output. One cartel involved color picture tubes used for televisions; the other cartel involved color display tubes used in computer monitors. The EC found Philips participated in both cartels. The EC fined Philips €313 million ($410 million) and a Philips-LG Electronics joint venture €392 million ($513 million).

Misconduct Type
Antitrust
Enforcement Agency
International
Contracting Party
None
Court Type
N/A
Disposition
Fine
Date of Fine Announcement
12/5/2012
Contractors Involved Penalty
Total
Philips $922,950,346
Further Information Released
EC Press Release 12/5/2012

Federal Contractor Misconduct Database