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Innovation

Nokia sues Samsung, LG over LCD price fixing

Nokia is the latest to file suits against Samsung, LG and others, alleging LCD price fixing.
Written by Sam Diaz, Inactive on

Nokia has sued Samsung, LG Displays and other makers of liquid display manufacturers, accusing them of conspiring to inflate prices for displays, a suit that comes a month after AT&T made the same allegations against LCD manufacturers, according to a Bloomberg report.

The lawsuit, filed Nov. 25 in San Francisco, is based on federal and state antitrust claims. Nokia is seeking unspecified damages, as well as an injunction that would bring a halt to the alleged collusion.

Both the AT&T and Nokia suits cite an investigation of display panel price-fixing by the U.S. Justice Department. In March, Hitachi Displays, a unit of Hitachi, became the fourth company to plead guilty in the inquiry. Hitachi is one of the defendants named in the Nokia suit but not AT&T's, according to Bloomberg.

LG Display, which is second to Samsung as the world's largest LCD makers, was one of three companies named in the suit to plead guilty last year to the DOJs allegations and pay $585 million in criminal fines. The others were Chunghwa Picture Tubes and Sharp Corp.

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