|05-07-2012, 12:37 AM||#1|
Join Date: May 19 2008
[Techpowerup.com] (PR) Plantiffs' Counsel Announces that Federal Jury Finds Toshiba Fixed LCD Prices
Lieff Cabraser Heimann & Bernstein, LLP and Pearson, Simon, Warshaw & Penny, LLP today announced that a federal court jury this morning found that Toshiba Corporation and its subsidiaries conspired with the world's other leading manufacturers of Thin Film Transistor-Liquid Crystal Displays ("TFT-LCDs") to raise and fix the prices of TFT-LCD panels and certain products. The jury awarded damages of $87 million. Federal antitrust law requires the trebling of these damages, resulting in a $261 million award against Toshiba.
Richard M. Heimann, co-lead counsel for plaintiffs, stated, "We are very pleased the jury found in favor of the plaintiffs and found that Toshiba violated the law, particularly in light of the government's decision not to criminally prosecute Toshiba for its misconduct. The case demonstrates once again the critical role our civil justice system plays in holding corporations, no matter how powerful or where they are based in the world, accountable for violating U.S. antitrust laws."
|announces, counsel, federal, finds, fixed, jury, lcd, plantiffs, prices, techpowerupcom, toshiba|
|Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)|
|Similar Threads for: [Techpowerup.com] (PR) Plantiffs' Counsel Announces that Federal Jury Finds Toshiba Fixed LCD Prices|
|Thread||Thread Starter||Forum||Replies||Last Post|
|[Techpowerup.com] (PR) Toshiba Responds to Jury Verdict in a U.S. Class Action for LCD Price Fixing||News||Reviews & News Online||0||04-07-2012 02:33 PM|
|[Techpowerup.com] (PR) Toshiba Announces Qosmio F750 Glasses-Free 3D Laptop||News||Reviews & News Online||0||06-07-2011 08:13 AM|
|[Techpowerup.com] (PR) Toshiba Announces Next Gen Security Feature, Better Security for Self-Encrypting HDDs||News||Reviews & News Online||0||14-04-2011 07:35 AM|
|[Techpowerup.com] Toshiba Announces Recall of Sandy Bridge Powered Notebooks||News||Reviews & News Online||0||03-02-2011 04:03 PM|
|[Techpowerup.com] (PR) Toshiba Announces Dynabook TX Notebook Ready for Blu-ray 3D||News||Reviews & News Online||0||14-06-2010 09:30 PM|
All times are GMT +11. The time now is 12:29 AM.