Panasonic To Pay $17.5M To Settle Cathode Ray Antitrust MDL

Law360, New York (July 6, 2012, 8:47 PM EDT) -- Panasonic Corp. on Friday agreed to pay $17.5 million to resolve direct purchasers' allegations in multidistrict litigation claiming it was part of an international conspiracy to fix the prices of cathode ray tubes used in computer monitors and televisions.

In a notice of its settlement motion filed in California federal court, the direct purchasers of the CRTs sought preliminary approval for the deal, stating also that the Japanese electronics giant had agreed to cooperate with the plaintiffs’ information requests in the ongoing suit against other electronics...
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