TweakTown
Tech content trusted by users in North America and around the world
5,936 Reviews & Articles | 38,245 News Posts

Nokia files suit against LCD makers for price fixing

Nokia wants injunctions and loot

| Mobile Devices, Tablets & Phones News | Posted: Dec 1, 2009 6:30 pm

Late last year a legal drama started that surrounded many of the world's largest producers of LCD screens. The companies were found to have collaborated to fix the price of LCD screens in the computer market. Today we find out that Nokia has filed suit against many of the same companies alleging that they also conspired to fix the prices of LCDs for the mobile phone market.

 

[img]3[/img]

 

Nokia has filed a suit against Samsung Electronics Co., LG Display Co., Sharp Corp, Hitachi Displays Ltd., and Chunghwa Picture Tubes Ltd. All of those companies save Samsung were involved with the price fixing scheme in the computer market.

 

Nokia claims that it suffered damages as the result of the price fixing and is seeking treble its damages and injunctive relief. These companies might as well pack it up now; odds are the firms used the same price fixing schemes in several markets. The fines for the LCD scheme in the computer market totaled over $500 million combined and several executives received prison terms in America.

 

NEWS SOURCES:Online.wsj.com

Related Tags

Further Reading: Read and find more Mobile Devices, Tablets & Phones news at our Mobile Devices, Tablets & Phones news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases