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Author Topic: Whirlpool Corporation Comments on Antitrust Investigation  (Read 2306 times)

Offline Whirlpool®

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Whirlpool Corporation Comments on Antitrust Investigation
« on: February 19, 2009, 08:21:12 AM »

BENTON HARBOR, Mich., Feb 19, 2009 /PRNewswire-FirstCall via COMTEX/ -- On February 17, 2009, Whirlpool Corporation (WHR) received a grand jury subpoena from the U.S. Department of Justice requesting documents relating to an antitrust investigation of the global compressor industry. Whirlpool Corporation subsidiaries in Brazil and Italy were visited on the same day by competition authorities seeking similar information.

Whirlpool Corporation has a strong corporate code of conduct, which requires full compliance with all applicable antitrust and competition laws. It will cooperate fully with the investigations. To the Company's knowledge, there have been no charges filed against the company or any of its employees. As the European Commission has noted, "The fact that the Commission carries out such inspections does not mean that the companies are guilty of anti-competitive behaviour; nor does it prejudge the outcome of the investigation itself."