Costco Files Fresh Antitrust Suit Against LCD Makers

Law360, New York (December 1, 2010, 5:00 PM EST) -- Costco Wholesale Corp. is the latest to bring litigation against major players in the liquid crystal display panel industry, targeting Hitachi Ltd., Toshiba Corp. and others in a new price-fixing suit after pulling out of a direct purchaser class.

The laundry list of Japanese and U.S.-based defendants, including LG Display Co. Ltd., Samsung Electronics Co. Ltd. and Chunghwa Picture Tubes Ltd., orchestrated a decade-long scheme to keep LCD prices high through information-sharing and clandestine meetings, according to a complaint lodged Tuesday in the U.S. District Court...
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