On January 18, 2017, the Court of Justice of the European Union ruled in Toshiba Corp. v Commission to uphold fines against Toshiba and Panasonic totaling €1.47 billion for their participation in an illegal cartel of television components. According to the press release, in a prior decision the General Court “annulled the fine of €28 048 000 imposed on Toshiba individually and reduced from €86 738 000 to €82 826 000 the fine imposed jointly and severally on Toshiba and Panasonic.” Toshiba sought to have the Court set aside that judgment completely on appeal, however. The Court denied the appeal and upheld the reasoning of the General Court that Toshiba and Panasonic maintained unlawful influence over their joint subsidiary that produced the television components at issue.