Technology content trusted by users in Australia and around the world.
4,948 Articles | 29,844 Posts
Select Your Edition:  
Tweakipedia
A wealth of
tech information!

TRENDING NOW: SlimPort Summit 2013 Coverage - What is SlimPort?
AU EditionYou are located: Home > All News > Mobile Devices, Tablets & Phones News > Nokia files suit against LCD makers for price fixing

Nokia files suit against LCD makers for price fixing

By: (more) | 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.

 


SOURCE #1

Related Tags



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

TweakTown News RSS FeedDo you get our news RSS feed? Get It! Got a news tip? Tell Us!

Post a Comment about this news



Check out our
RSS feeds!
  • Upcoming Content: Whatever happened to Comodo Time Machine?
  • Upcoming Content: SuperSpeed RamDisk Plus 11 Software Review
  • Upcoming Content: HP Envy TouchSmart 4 Touchscreen Ultrabook Laptop Review
  • Upcoming Content: MSI Radeon HD 7790 1GB OC Overclocked Video Card Review
  • Upcoming Content: Transcend 32GB Wi-Fi SDHC Review
  • Upcoming Content: Transcend StoreJet Cloud 32GB Wireless Storage Device Review
  • Upcoming Content: ADATA DashDrive Elite UE700 USB 3.0 Flash Drive Review
  • Upcoming Content: Kingston DT Workspace 64GB 'Windows To Go' USB 3.0 Flash Drive Review
  • Upcoming Content: Lexar Professional 128GB Compact Flash Memory Card Review
  • Upcoming Content: MyDigitalSSD BP4 240GB mSATA Review

Mobile Devices, Tablets & Phones News Posts

View More Mobile Devices, Tablets & Phones News Posts

TweakTown Web Poll

Question: What new stuff are you most excited to see at Computex Taipei 2013?

Cases, Coolers & PSU’s

CPU's

Gadgets

GPU's & Video Cards

Keyboards & Mice

Laptops, Tablets & Phones

Motherboards & Chipsets

New Tech

SSD's & Memory

Booth Babes

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Mobile Devices, Tablets & Phones Press Releases

View More Mobile Devices, Tablets & Phones Press Releases