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Tuesday, 01 December 2009 11:50

Nokia accuses LCD manufacturers of price fixing

Written by Nedim Hadzic

Image

Samsung, LG, Hitachi, Sharp, etc.

Well
we can't say that such accusations are rare, since we keep seeing them pop up every now and then, and this time it's Nokia's turn as the mobile phone giant has decided to take action against alleged price fixing on the LCD market.

The Finland-based company has filed a suit in the US Disctrict court accusing the likes of Samsung Electronics, LG Display, Sharp, Hitachi and Chunghwa Picture Tubes of fixing prices on handset LCDs.

The company seeks cash and injunctive relief to remedy damages, but we'll see how it goes as such lawsuits take more time and cash than they are usually good for.


Last modified on Tuesday, 01 December 2009 16:02
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