Tuesday, October 25, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Raises 3rd Quarter Lobbying But Spending Falls Behind AT&T
Kingston Ships the HyperX Alloy FPS Gaming Keyboard
Portrait Mode Available on iPhone 7 Plus With iOS 10.1
Android Devices Vulnerable To Physical RAM Attack
Nokia Phones To Reborn In India Next Year, Hon Hai to Manufacture Them
New Lenovo Systems Commercial Desktops and Notebooks Are Featuring 7th Generation AMD PRO Processors
Apple Watch Nike+ Arrives Friday, October 28
These Are The New Xbox One S Bundles For This Holiday
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

Wednesday, July 04, 2012
Toshiba Loses LCD Price-fixing Case

A federal jury in San Francisco found July 3 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.

A jury in the United States District Court for the Northern District of California (San Francisco) has issued a verdict against Toshiba in the amount of US$87 million due to alleged antitrust practices in the LCD business. However, given credits for settlements by other defendants, including Sharp, Samsung and LG already cover the damages suffered, Toshiba expects that it will not have to pay any damages.

This class action was filed in 2007 by direct purchasers of LCD panels and related products in the United States.

Toshiba claims that there was no illegal activity on its part in the LCD business in the United States, and Toshiba continues to hold that view. The company believes that the jury's verdict is in error as to the finding of wrongdoing on Toshiba's part. The Japanese company plans to pursue all available legal avenues to correct that finding. In addition, Toshiba said it has no plans to revise projections for fiscal 2012 business performance due to this matter.

In December, the court approved a $388 million settlement payment by defendants including Sharp, Samsung Electronics , and LG Display involving claims by direct purchasers. It earlier approved $17 million in settlements for direct purchasers.

In January, the court gave preliminary approval to settlements totaling more than $538 million in a separate antitrust case involving indirect purchasers.

EU Rejects Controversial Anti-piracy Agreement        All News        Google to Retire iGoogle, Google Video And Other Services
EU Rejects Controversial Anti-piracy Agreement     General Computing News      Google to Retire iGoogle, Google Video And Other Services

Get RSS feed Easy Print E-Mail this Message

Related News
Investors Sue Toshiba Over Accounting Scandal
Toshiba Starts Testing System For Future Self-driving Cars
Toshiba, Tohoku Electric and Iwatani Start Study of World?s Largest Hydrogen Energy System
Toshiba Introduces the Value-oriented OCZ TL100 SATA SSD Series
Toshiba Expands 24nm SLC Flash Family with 16Gb Offering
Toshiba Introduces the OCZ VX500 SATA SSD Series
Toshiba to Implement Eyefi Connected Features in Next FlashAir SD Cards
Toshiba Debuts Flashmatrix Technology
Toshiba Announces New BG SSDs with 3-Bit-Per-Cell TLC BiCS FLASH
Toshiba's ZD6000 Dual Port NVMe SSD Offers A Capacity Of 7.68TB
Toshiba PC Business Not Affected By Company's Restructuring
Toshiba Develops High-Speed MTJ Element for Non-Volatile STT-MRAM For 2X nm Generation Transistors

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .