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.

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