December 15, 2016 / 9:00 AM / 7 months ago

EU court dismisses Philips, Infineon action against cartel fine

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LUXEMBOURG, Dec 15 (Reuters) - An EU court on Thursday dismissed an appeal brought by Philips and Infineon against a fine imposed on by the European Commission for operating a cartel to manipulate prices for smart card chips.

"The court dismisses the actions and upholds the fines imposed on Infineon and Philips by the Commission," the General Court of the European Union said. (Reporting By Philip Blenkinsop)

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