Litigation
Jul. 4, 2012
Toshiba hit with $87 million verdict in price-fixing case
A jury today found that electronics manufacturer Toshiba Corp. participated in a scheme to fix the price of LCD panels, and awarded $87 million in damages to plaintiffs.
By Saul Sugarman
Daily Journal Staff Writer
SAN FRANCISCO - Capping off a rare civil price-fixing trial, a jury on Tuesday found that electronics manufacturer Toshiba Corp. participated in a scheme to fix the price of LCD panels, and awarded $87 million in damages to the plaintiffs.
Under the Sherman Antitrust Act, those damages could be tripled to $261 million, according to Bruce L. Simon, of Pearson Simon Warshaw & Penny LLP, an attorney for the plaintiffs. The pl...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In