Whirlpool welcomes ruling in pricing lawsuit
Whirlpool Corporation made a step forward on Monday in its appeal of a case against what it claims is predatory pricing.
The U.S. Court of International Trade took Whirlool's side in its appeal of the U.S. International Trade Commission's previous decision, which ruled that refrigerators from LG and Samsung -- reportedly dumped at margins of up to 15% -- were causing material injury to U.S. manufacturing.
"Today's decision is part of a series of important strides by the government in response to our actions to ensure a balanced competitive marketplace for U.S. manufacturers, their employees and customers," said Jeff Fettig, chairman and CEO of Whirlpool Corp. "We feel vindicated by the court's decision affirming our appeal. This ruling is particularly important, following on the heels of last year's unanimous decision that LG and Samsung were dumping large residential washers and injuring the U.S. market. Whirlpool is fully committed to our U.S. manufacturing operations and American workers, and we remain focused on producing forward-thinking refrigeration innovation inspired by our consumers."
The court agreed with Whirlpool's claim that the ITC erroneously "doubled counted" key data, a "potentially significant difference" warranting reconsideration of the court's volume and price analysis.