Toshiba fined $87 million for LCD price-fixing

LONDON – Toshiba Corp. and its U.S. subsidiary Toshiba America Electronic Components Inc. have been fined $87 million for anti-trust practices in the LCD business.

A jury in the United States District Court for the Northern District of California (San Francisco) issued the verdict on a case brought in 2007 as a class action by purchasers of LCD panels.

Toshiba said the verdict against it is wrong and that it plans to pursue all available legal avenues in its defense.


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