Saturday, October 10, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
3Q15 Hard Disk Drive Shipments Report
Japanese Fund may Invest In Sharp: report
ASUS Upgrades Its ROG Gaming Lineup
ITC Says Samsung Did Not infringe Nvidia's Patents
ARCHOS and Sikur Ensure Your Privacy with GranitePhone
Firefox To Switch Away From Plugins
Apple Removes Apps From Online Store
PC Shipments Kept Falling In 3Q
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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
Toshiba's Image Sensor for Iris Recognition Improves Recognition And Security
Toshiba's Satellite Click 10 Detachable 2-in-1 PC Now Available
Toshiba Reports Q1 Loss on Weak PC, TV Sales
Toshiba Reports Significant Loss Following Accounting Scandal
Toshiba's New PCs Combine Functionality, Mobility and Performance
Toshiba At IFA 2015
Toshiba Launches Wireless Power Receiver IC for Quick Charging Mobile Devices
Toshiba Unveils Three NVME Solid State Drive Families
Toshiba Develops First 16-die Stacked NAND Flash Memory with TSV Technology
Toshiba Announces Third Generation of Enterprise SAS SSDs, Starts Production Of 3D NAND
Toshiba Expands Line-up of ARM Cortex -M-based Microcontrollers
Toshiba CEO Resigns Following Accounting Scandal

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .