Tuesday, July 3, 2012

Toshiba hit for $87 million in LCD price fixing verdict, maintains innocence

Toshiba hit for $87 million in LCD price fixing verdict, maintains innocence

Toshiba decided not to settle when faced with allegations of price fixing, and now the company may have to pay the price. A jury handed down a verdict in the District Court for the Northern District of California today, hitting the company with $87 million in damages as part of a class action suit. The civil suit, separate from the criminal charges some of its alleged co-conspirators faced, wrapped today with the decision to award consumers $70 million and gave $17 million to manufacturers who purchased the company's panels.

Engadget , Toshiba hit for $87 million in LCD price fixing verdict, maintains innocence, Toshiba hit for $87 million in LCD price fixing verdict, maintains innocence

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