Toshiba fined in US antitrust case

Jul 03, 2012
Models of Japan's Toshiba Corp. pose by LCD displays in 2006. Japanese electronics giant Toshiba said Tuesday a jury has ordered it to pay $87 million in a price-fixing case on LCD displays, but that it ultimately may not end up paying damages.

Japanese electronics giant Toshiba said Tuesday a jury has ordered it to pay $87 million in a price-fixing case on LCD displays, but that it ultimately may not end up paying damages.

A company statement said the jury in San Francisco ordered the fine "due to alleged antitrust practices in the LCD business."

But it added that "given credits for settlements by other defendants, Toshiba expects that it will not have to pay any damages as a result of this verdict, even after trebling under US ."

The case stems from a class action suit filed in 2007 by purchasers of and related products in the United States.

"Toshiba has consistently maintained 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 statement said.

Toshiba added that it "believes that the jury's verdict is in error as to the finding of wrongdoing on Toshiba's part. Toshiba plans to pursue all available legal avenues to correct that finding."

Several other companies have been charged in the case, and Taiwan's was among those found guilty.

are used in computers, laptops, televisions, smartphones and other gadgets.

Rival LCD makers met in secret in karaoke bars, tea rooms, and hotel conference rooms in Taiwan to set prices rather than letting market forces prevail, according to US officials.

Explore further: Oregon sues Oracle over failed health care website

add to favorites email to friend print save as pdf

Related Stories

AU Optronics guilty in display screen price-fixing case

Mar 14, 2012

Taiwan's largest maker of displays for computers, smartphones and other gadgets was convicted on Tuesday of taking part in a price-fixing conspiracy that brought in more than a half-billion dollars in "ill-gotten gains."

Head of Taiwan LCD maker barred from leaving US

Aug 23, 2010

(AP) -- The chief executive of a leading Taiwanese LCD screen maker has been barred from leaving the U.S. during a U.S. Justice Department probe into alleged price-fixing, the company said.

Taiwan company, execs guilty of fixing LCD prices

Mar 13, 2012

(AP) -- A Taiwan company and two of its top executives have been found guilty of working with competitors to inflate prices of liquid screen display screens used in computer monitors and televisions.

Recommended for you

Oregon sues Oracle over failed health care website

6 hours ago

Oregon Attorney General Ellen Rosenblum says she's filed a lawsuit against Oracle Corp. and several of its executives over the technology company's role in the state's troubled health insurance exchange.

Google buys product design firm Gecko

7 hours ago

Google on Friday confirmed that it bought Gecko Design to bolster its lab devoted to technology-advancing projects such as self-driving cars and Internet-linked Glass eyewear.

Ticketfly buying WillCall for on-premise data

Aug 21, 2014

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

Aug 20, 2014

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

Aug 20, 2014

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

unknownorgin
not rated yet Jul 04, 2012
US trade policy has distoted market forces and caused the failure of many US industrys by allowing unlimited importing of products so this is really just about collecting revenue.