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LCD Makers Agree $37M Settlement in Canadian Price Fixing Class Action Lawsuit

This is a settlement for the Antitrust lawsuit.

Los Angeles, CA: A $37 million settlement has been reached in a Canadian price-fixing class action lawsuit filed against a group of major electronics companies and their affiliates. Under the agreements, Samsung Electronics Co. Ltd. and Samsung Electronics Canada Inc. will pay $21.25 million, and Innolux Corp. (successor to Chi Mei Optoelectronics Corp.) will pay $10 million.

Consumers who bought LCD panels or products between 1998 to 2006, regardless of the manufacturer or brand, are eligible for a share of the settlement.

The lawsuit was filed in 2007 alleging the defendants conspired to fix prices, market share and production capacity for LCD panels and LCD products. The defendants have not admitted any wrong doing or liability. The settlement has been approved in Ontario, Quebec and British Columbia courts.

Also included in the settlement is Japan Display Inc. (successor to Hitachi Displays, Ltd.) on its behalf and on behalf of Hitachi Ltd., Hitachi Canada, Ltd., Hitachi America Ltd., Hitachi Electronics Devices (USA) Inc. for $3.15 million; Chunghwa Picture Tubes, Ltd. for $2.02 million; and Epson Imaging Devices Corp. (formerly known as Sanyo Epson Imaging Devices Corp.) for $1.2 million.

The lawsuit is continuing against five other groups of defendants including LG Philips LCD Co., Sharp Corporation, and Toshiba Corp.

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Published on Oct-24-14


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