Nokia Sues Samsung Over LCD Price Fixing
The world's biggest mobile phone company is suing the world's biggest LCD company.
Bloomberg today reports that Nokia is suing Samsung and other flat panel makers, alledging they colluded to fix prices of LCDs. In a lawsuit filed November 25 in federal court in San Francisco, Nokia claimed that Samsung and at least six other display makers unlawfully conspired to raise the price of displays above a competitive market level. Nokia is seeking unspecified damages and an injunctive relief.
Other manufacturers named in the suit include LG, Sharp, Hitachi, and Chunghwa Picture Tubes.
Read the full story here.
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