Monday, December 11, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Tests LTE-based Safety Technology for Connected, Self-driving Cars
Apple Said To Buy Shazam
Intel Uses Cobalt Interconnect for 10nm, Global Foundries Detail EUV Lithography for 7nm
LG Display Starts OLED Light Panel Production
Toshiba Moving Closer to Deal With Western Digital
YouTube Said to Launch Music Subscription Service
NVIDIA Says New TITAN V GPUs Transform the PC into AI Supercomputer
Toshiba Launches First 14TB HDD with Conventional Magnetic Recording
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Toshiba...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, September 11, 2012
Toshiba Settles LCD Price Fixing Case


Toshiba has settled claims of alleged antitrust violations in the LCD business brought by direct purchasers of LCD panels and certain products containing such panels.

This settlement follows a July 3 jury verdict against Toshiba, when a federal jury in San Francisco found that Toshiba knowingly participated in a conspiracy to fix the price of liquid crystal displays sold in the United States, contributing to $87 million worth of damages suffered by manufacturers and consumers.

The Japanese company on Thusday said it would pay US$30 million, and the Plaintiffs will relinquish all claims for damages, fees, costs and other relief. The agreement is subject to approval by the U.S. District Court for the Northern District of California (San Francisco).

While Toshiba expected to file a motion for judgment notwithstanding the verdict and an appeal if necessary to overturn the jury verdict, Toshiba settled to avoid the inconvenience associated with further prolonged litigation.

"Toshiba admits no wrongdoing as part of this settlement, and it continues to maintain that it did not engage in illegal activity, "the company said in a statement.


Previous
Next
Cadence Releases First 28nm DDR4 Design IP Solutions        All News        DisplayLink to Demo Lenovo USB 3.0 to DVI/VGA Monitor Adapter at IDF
FTC Returns More Than $2 Million to Buyers of the "Google Money Tree" Work-at-Home Scam     General Computing News      Philips To Cut More Costs And Jobs

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba Moving Closer to Deal With Western Digital
Toshiba Launches First 14TB HDD with Conventional Magnetic Recording
Toshiba Releases 10TB NAS-Class Hard Drive
Toshiba Unveils 2TB XG5-P NVMe SSD
Toshiba Offers New 10TB Surveillance Hard Disk Drive
Toshiba's Board Approves $5 billion Injection to Stay Listed
Asus Could Buy Toshiba's PC Business
Toshiba Sells TV, Visual Solutions Unit to Chinese Hisense
Toshiba's Profit Jumps on Strong Memory Demand
Toshiba's Shareholders Approve Sale of Toshiba Memory
New Toshiba TR200 3D NAND SSDs Offer an Affordable Alternative to Hard Disks
Toshiba to Further Invest in Production Equipment for Fab 6 at Yokkaichi Operations

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .