Feeds

Nokia sues LCD makers over price-fixing

Mirrors AT&T suit

High performance access to file storage

Nokia has filed a lawsuit against eight display manufacturers over claims they colluded to fix prices for LCDs used in mobile phones.

The lawsuit, filed November 25 in federal court in San Francisco, California, is grounded in the US Department of Justice's antitrust allegations of the same nature.

Companies named in Nokia's lawsuit are Sieko Epson, Hitachi, LG Display, Philips, Samsung, Sharp, Toshiba, and Chunghwa Picture Tubes.

Chungwha, Sharp, LG, Hitachi, and Epson have already admitted to the DoJ that they conspired to drive up prices and have agreed to pay fines. Nokia is now suing to recover overcharges it incurred as a result of buying LCD monitors for its mobile handsets between January 1 1996 and December 11, 2006.

The company claims the cartel "artificially inflated the price of liquid crystal displays ultimately incorporated into LCD products purchased by Nokia, causing Nokia to pay higher prices." It asks for the recovery of unspecified damages for overpaying for parts both directly and indirectly from the companies plus interest, along with any further relief the court deems proper.

Nokia's complaint mirrors an antitrust lawsuit filed in October by AT&T against several LCD makers. Both allege the industry wide conspiracy included secret meetings where the companies agreed to eliminate competition and fix prices.

The European Union is also probing price-fixing in the LCD business. The EC said in July it had sent a "statement of objections" to a number of companies in the industry concerning their alleged hand in a LCD cartel. ®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.