Toshiba Isn't Happy About US Jury Verdict In Class-Action LCD Price-Fixing Suit

Posted: Jul 5 2012, 12:30pm CDT | by , Updated: Jul 5 2012, 12:35pm CDT, in News | Home Entertainment


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Toshiba plans to appeal

Toshiba has issued a statement regarding the jury verdict in a case in the United States against it and other companies for LCD price-fixing. Toshiba announced earlier this week that a jury in the United States District Court for the Northern District of California in San Francisco issued a verdict against Toshiba for $87 million due to antitrust practices and LCD business.

Toshiba says that it expects it will not have to pay any damages as a result of this verdict even after the triple damages awarded under US antitrust laws thanks to credits given by other defendants in the settlement. Toshiba still maintains that it performed no illegal activity in the LCD business in United States and plans to pursue all available legal avenues in response.

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