Home > Business & Strategy > Nokia sues Samsung, LG over LCD price fixing

Nokia sues Samsung, LG over LCD price fixing

December 4, 2009 Leave a comment Go to comments

Nokia has sued Samsung, LG Displays and other makers of liquid display manufacturers, accusing them of conspiring to inflate prices for displays, a suit that comes a month after AT&T made the same allegations against LCD manufacturers, according to a Bloomberg report.

The lawsuit, filed Nov. 25 in San Francisco, is based on federal and state antitrust claims. Nokia is seeking unspecified damages, as well as an injunction that would bring a halt to the alleged collusion.

Both the AT&T and Nokia suits cite an investigation of display panel price-fixing by the U.S. Justice Department. In March, Hitachi Displays, a unit of Hitachi, became the fourth company to plead guilty in the inquiry. Hitachi is one of the defendants named in the Nokia suit but not AT&T’s, according to Bloomberg.

LG Display, which is second to Samsung as the world’s largest LCD makers, was one of three companies named in the suit to plead guilty last year to the DOJs allegations and pay $585 million in criminal fines. The others were Chunghwa Picture Tubes and Sharp Corp.

Advertisements
Categories: Business & Strategy
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: