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Nokia sues Samsung, LG over LCD price fixing

Nokia is seeking unspecified damages from several liquid display manufacturers, accusing them of conspiring to inflate prices for displays.
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Written by Sam Diaz, Inactive on

Nokia has sued Samsung, LG Displays, and other makers of liquid crystal displays, 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.

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 US$585 million in criminal fines. The others were Chunghwa Picture Tubes and Sharp Corp.

Read more on "Nokia sues Samsung, LG over LCD price fixing from ZDNet.

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