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Nokia Sues LCD Manufacturers for Price-Fixing

Posted on December 2, 2009
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Nokia Sues LCD Manufacturers for Price-fixing

One year after three LCD manufacturers paid a US$585 million to the U.S. Department of Justice for admitting they have participated in a price-fixing cartel, Nokia wants these companies to pay for their unscrupulous ways.

The Finnish mobile phone company filed a lawsuit against eight LCD makers for overcharging their products, hoping that Nokia would win damages that would recover the cost it overpaid to these companies for LCD displays used in its handsets.

The defendants include Seiko Epson, Hitachi, LG Display, Philips, Samsung, Sharp, Toshiba, and Chunghwa Picture Tube.  Although the amount of damage was not specified, the alleged collusion covers a ten-year period between 1996 and 2006, during which time Nokia claims to have paid overblown prices for LCD displays.

This lawsuit comes after Nokia filed a suit against Apple for allegedly infringing several Nokia patents for its iPhone.

 
 

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