sex hikayeleri interior desing sikiĢ hikaye escort denizli porno hikaye
TECHNOLOGY NEWS
July 04, 2012 12:00:00 AM
  Follow @ Twitter

Japanese electronics giant Toshiba said Tuesday a jury has ordered it to pay $87 million in a price-fixing case on LCD displays, but that it ultimately may not end up paying damages.

A company statement said the US District Court jury in San Francisco ordered the fine "due to alleged antitrust practices in the LCD business."

But it added that "given credits for settlements by other defendants, Toshiba expects that it will not have to pay any damages as a result of this verdict, even after trebling under US antitrust laws."

The case stems from a class action suit filed in 2007 by purchasers of LCD panels and related products in the United States.

"Toshiba has consistently maintained that there was no illegal activity on its part in the LCD business in the United States, and Toshiba continues to hold that view," the statement said.

Toshiba added that it "believes that the jury's verdict is in error as to the finding of wrongdoing on Toshiba's part. Toshiba plans to pursue all available legal avenues to correct that finding."

Several other companies have been charged in the case, and Taiwan's AU Optronics was among those found guilty.

LCD screens are used in computers, laptops, televisions, smartphones and other gadgets.

Rival LCD makers met in secret in karaoke bars, tea rooms, and hotel conference rooms in Taiwan to set prices rather than letting market forces prevail, according to US officials.

AFP


PREVIOUS STORY
Microsoft to take $6.2bn writeoff for online unit
NEXT STORY
iGoogle gets axed in shakeup

Bookmark and Share
   




FIJI NEWS
Chinese fugitive nabbed at AirportA Chinese fugitive wanted by authorities in China was stopped from leaving the country by Fiji Revenue Customs Authority (FRCA) at the Nadi International Airport in the weekend.
SPORTS
Lions stopper named in U20 rugby teamLabasa goalkeeper Filipo Daugunu has been named in the Vodafone Fiji U20 team for the 2015 Australian U20 National Championship in Canberra later this month.
HEALTH/FITNESS
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
LIFESTYLE/FASHION
Fiji Link receives ATR72-600 aircraftFiji Airways, Fijiís national airline, today received its latest ATR72-600 aircraft for its domestic subsidiary Fiji Link.
ENTERTAINMENT
Best Coastís new album titled California NightsBest Coast singer/songwriter/guitarist Bethany Cosentino and guitarist Bobb Bruno will release their third full-length album California Nights on May 1.
OFFBEAT
Mercury 'took Princess Diana to gay barQueen singer Freddie Mercury disguised the late Princess Diana as a male model and smuggled her into a notorious gay bar, according to a memoir serialised in Britain's Sunday Times.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS