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Toshiba Corp announces judgment of European Court of Justice

Thursday, 19 Dec 2013 07:00pm EST 

Toshiba Corp:Says European Court of Justice (ECJ) has delivered its final ruling in respect of the company's alleged infringement of EU Competition Law in Europe‚Äôs gas insulated switchgear (GIS) market, on Dec. 19.Says the company regrets that its arguments were not accepted in the end.Says European Commission issued a decision against Toshiba in June 2012 imposing fines amounting 56.8 million euros solely on Toshiba and 4.65 million euros jointly and severally with Mitsubishi Electric Corporation, and the company filed an appeal in Sep. 2012 contesting such decision.Says the company will not make any change in its business forecast for the current fiscal year ending Mar. 31, 2014, in respect of this judgment. 

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-0.27 -1.12%
17 Apr 2015