Monday, July 9, 2012

Sharp settles LCD price fixing dispute with Dell and others for $200 million

sharp-settles-with-dell-for-200-million

In an LCD panel price fixing tiff that's been raging on for what seems like time incarnate, Sharp has settled with Dell and two unnamed companies for $198.5 million to make it go away. Japanese panel makers like LG, Samsung and Toshiba are also defendants in the legal dragnet, and numerous fines and settlements totaling more than a billion dollars have already been paid out to the likes of AT&T and the US Department of Justice. This decision comes hot on the heels of an $87 million setback in court for Toshiba -- a ruling that may have taken the edge off of Sharp's defense.

Sharp settles LCD price fixing dispute with Dell and others for $200 million originally appeared on Engadget on Mon, 09 Jul 2012 09:35:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/07/09/sharp-settles-with-dell-for-200-million/

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