Sharp to pay Dell, others $198.5m in TFT settlement case

Sharp has reached an out of court settlement with Dell and two other companies ending an ongoing case over its thin-film-transistor business in North America and Europe.
Written by Zack Whittaker, Contributor

Sharp will pay a total of $198.5m to Dell and two other companies as the Japan-based technology company reached an out of court settlement over its thin-film-transistor (TFT) business.

It's not clear from initial reports who was involved in the suit involved bar the two named, or even what the suit pertained to. 

AT&T and Nokia both sued Toshiba a few years back and remain likely the two unnamed companies paid in the settlement.

However, the news likely relates to last week's news that Toshiba, Samsung, LG, and Sharp colluded to fix prices of LCD panels.

Sharp said after "comprehensively considering the American civil justice system," it had settled as "the best possible course of action," according to The Verge.

Last week, Toshiba was ordered to pay $87m in damages for allegedly fixing the prices of LCD panels. U.S. officials claimed the conspiring parties met in secret in karaoke bars, hotel conference rooms, and even tea rooms in Taiwan. 

"Toshiba has consistently maintained that there was no illegal activity on its part in the LCD business in the United States, and Toshiba continues to hold that view," a statement from Toshiba said.

Both Sharp and Dell were unavailable for comment. Questions have been emailed to both companies, and if we hear back then updates will be added here.

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