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Posted by on Jul 5, 2012 in Companies |

Multan to Toshiba for $87 million for price fixing of LCD, company expects not to pay

Multan to Toshiba for $ 87 million for price fixing of LCD, company expects not to pay

(Cc) krynsky

A court of justice in San Francisco fined for $87 million for colluding with others to keep prices higher, however, the company expects to pay nothing.

This is because other companies have paid more pronounced in agreement that the damage would have occurred Toshiba. “Given the credit for the arrangements made by other defendants, Toshiba hopes that you will not pay any damages as a result of this verdict,” the company said in a statement.

The company also said they are innocent, despite the judgment against him. “Toshiba has maintained that there was no illegal activity on their part in the LCD business in the U.S., and continues to support that vision. While Toshiba appreciates the time and effort the jury believes the verdict is wrong to find a bad act on behalf of Toshiba. The company plans to pursue legal avenues available to correct this conclusion, “he said.

Among the other companies that have reached settlements and paid compensation to consumers, government entities and others are Chimei Innolux, Chunghwa Picture Tubes, Epson Imaging Devices, HannStar Display, Hitachi Displays, Samsung Electronics and Sharp.

This research originated in 2007 by the Department of Justice, and then Sharp, LG and Chunghwa Picture Tubes pleaded guilty and agreed to pay fines.

Link: Toshiba fined $ 87M for LCD price fixing, will not pay a penny (Computerworld)

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