Nokia sues LCD manufacturers for price fixing

By on December 1, 2009, 4:30 PM
Nokia has filed suit in the US and UK against display makers Samsung, LG, Philips, Toshiba, Sharp, Hitachi, and Chunghwa for price-fixing. The manufacturers are accused of illegally conspiring to raise the prices of LCDs. As a result, Nokia said it paid too much for displays, and is seeking compensation. Damages supposedly include products sold between January 1, 2006 and at least December 11, 2006.

If this sounds familiar, it is probably because AT&T recently sued many of the same manufacturers with similar claims. Not to mention that Hitachi, LG, Chunghwa and Sharp have all been nailed in previous LCD price-fixing schemes -- and the latter three doled out half a billion in criminal fines. The EU is also looking into display price-fixing, recently accusing CRT manufacturers of running cartels in the markets for computer monitors and TVs.

This marks Nokia's second high-profile lawsuit in recent times, accusing Apple of patent infringement in October.




User Comments: 18

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klepto12 klepto12, TechSpot Paladin, said:

i feel that a lot of company's are doing this but are just getting away with it im glad someone is doing something about it. If only someone would do something about gas prices then my life would be good lol.

lfg18 said:

The important thing about this is that we all will benefit from this, if they are really fixing the prices we will be the ones who pay, that is not cool, I hope actions are taken against this, in that way, prices will be lower. LCDs for everybody!!!!!!! at a lower price jaja

BlackIrish said:

Yeah, first Apple and now others too - Nokia is on fire Now if they would only use the money to better their phone's specs (almost all of them are lacking in CPU power...)

timljh said:

I am hoping to get a new LCD, lets pray for the price drop =P

Heretic said:

It hardly surprises me that some corporations in America are finding ways to price gouge the economies of countries besides our own. I'm glad Nokia had the guile to bring this to light, and set a few accounts straight.

Moreover, LCD displays are about to get cheaper.

Puiu Puiu said:

Since the year in which Nokia bought the LCD's is 2006 we will most likely see no price cuts from this.

But like everybody here, i'm hoping for some price cuts.

dellz said:

price cuts , is that what peopel are really hoping for in thier lives , seriously i understand why nokia would sue a conspiracy like this , tho nokia itself is mass manufacturer i belive its one company with a conscious , tho it still thinks a lot about itself (more money money money) nokia treats their costumers with some respect.

kaonis92 said:

It's good to see that Nokia is trying to do something about these price cartels.

swilllx2p said:

It's really sad that a lot of companies seem to see shady business tactics as a everyday way of doing things. It's even sadder to sit and think about how much greed and selfishness has taken over. I'm glad that Nokia is taking a stand, though I doubt it'll make much difference in the big picture of these kinds of things.

ColdPreacher said:

Im glad to see a large company take a stand against these companies.

ryan29121 said:

Everyday we hear about so and so suing another company. Technology brings so many lawsuits. Its crazy.

AbsolutGaloot said:

This is terrifying. It leads one to wonder how many other tech products are price-fixed.

UglyChild said:

Good, sue away so i can buy n97 at lower price.

Heretic said:

Good for Nokia. I'm with absolutgaloot, and I hope that if there ARE more tech products that are price-fixed that they'll be remedied.

Wagan8r Wagan8r said:

I was going to say, "isn't this old news?", but they saved me the trouble! I hope this will mean cheaper phones for both AT&T and Nokia.

DarKSeeD DarKSeeD said:

ryan29121 said:

Everyday we hear about so and so suing another company. Technology brings so many lawsuits. Its crazy.

Yes but some of these do good to customers

Nirkon said:

I hope they pay what they deserve!

about the apple lawsuit, was there a followup story on that?

any updates?

Guest said:

does anyone know the name of the law firm handling the case in the UK?

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