Nokia sues LCD manufacturers over price fixing
Nokia is suing a raft of LCD manufacturers, including Samsung and LG display, accusing them of colluding to inflate the price of mobile phone screens.
In a complaint filed with the US District Court for the Northern District of California, Nokia claims that the world’s biggest manufacturers of LCD panels “artificially inflated the price of liquid crystal displays ultimately incorporated into LCD products purchased by Nokia, causing Nokia to pay higher prices.”
The suit follows similar allegations made in the same court by AT&T last month, and draws on the findings of a US Justice Department investigation into price-fixing.
That investigation has already led to Hitachi Displays, LG Display, Chunghwa Picture Tubes and Sharp pleading guilty to price fixing and agreeing to pay $585 million in fines each.
All of these companies feature in Nokia’s lawsuit, as does Philips Electronics, Tatung and Seiko Epson.
Nokia is seeing “unspecified damages and injunctive relief to remedy damages” – or cash and a court order stopping the companies from doing it again.
Samsung says it will not comment on the story until it’s thoroughly reviewed the court documents.