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Nokia sues LCD makers over price fixing

Posted on Tuesday, December 01 2009 @ 22:47:00 CET by


Nokia sued Samsung, LG, AU Optronics and three other manufacturers over claims they colluded to fix LCD panel prices:
The lawsuit, filed Nov. 25 in federal court in San Francisco, is based on federal and state antitrust claims. It mirrors arguments AT&T Inc. made in a suit filed last month in the same court against liquid crystal display manufacturers.

Nokia accuses Samsung, the world’s biggest maker of liquid- crystal displays, and more than six other display makers of unlawfully conspiring to raise the price of displays above the level in a competitive market. Nokia seeks unspecified damages and an order to stop the alleged collusion.

“The liquid-crystal displays were incorporated into Nokia mobile wireless handsets,” according to the complaint. The conspiracy “artificially inflated the price of liquid crystal displays ultimately incorporated into LCD products purchased by Nokia, causing Nokia to pay higher prices.”




 



 

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