Feeds

Sharp bungs Dell and pals $198m to silence TFT price-fix spat

That'll be one amazing expenses claim

Combat fraud and increase customer satisfaction

Sharp has agreed to fork out $198.5m to make the TFT monitor price-fixing lawsuits go away.

The Japanese firm announced it had settled with Dell and two unnamed companies out of court, and will slap the nine-figure payout into its next quarterly report as "extraordinary expenses".

It is understood the legal action was launched against Sharp's TFT display wing in America and Europe and believed to be related to allegations of collusion between flat-screen makers.

"After carefully taking into consideration the applicable US laws, the facts of the case, and other factors, Sharp has decided that the best possible course of action is to resolve these lawsuits by settlement," the firm said in a canned statement.

Another thing the firm may have carefully considered is Toshiba's defeat in a trial on LCD price fixing last week, which ended with a jury awarding $87m in damages to consumers and manufacturers.

The monitor price-fixing racket has been the target of much litigation and as a result Samsung, Hitachi, AU Optronics and others have copped multimillion-dollar fines.

Sharp said it didn't know how its profits will be affected by the settlement. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
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.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.