Friday, August 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Acer Liquid Z410 And Liquid Jade Z Phones Released
Huawei Honor Phones Coming To Europe
AMD Radeon R9 370X Graphics Card Launched In Asia
Nokia Agrees on 'Shanghai Bell' Joint Venture with China Huaxin
Apple Debuts at the Number Two Spot In Wearables Market, Behind Fibit
Microsoft's Lumia 950 and 950 XL Windows 10 Smartphones Leaked Online
Facebook Says It Has One Billion Users Per Day
Google Says Improving Quality Isn't Anti-competitive
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.


Previous
Next
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 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
Toshiba Inflated Profits
Toshiba Moves To New Process Technologies for Microcontrollers and Wireless Communication ICs
Toshiba Demonstrates New Technology For 3D Hard Disks
Toshiba Announces 6TB Enterprise Cloud HDD
Toshiba Portege WT20 Business Tablet Now Available
Toshiba Introduces New Satellite Series Laptops, Fusion And Radius 2-In-1 PCs

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 .