Published in Mobiles
Nokia accuses LCD manufacturers of price fixing
by Nedim Hadzic on01 December 2009
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.