Toshiba Must Face Best Buy's Antitrust Claims In LCD MDL

Law360, New York (January 24, 2013, 1:29 PM EST) -- A California federal judge on Wednesday denied Toshiba Corp.'s bid to escape Best Buy Co. Inc.'s antitrust claims in multidistrict litigation over price-fixing in the liquid crystal display industry, finding Best Buy has standing and its claims are timely.

In its motion to dismiss, Toshiba argued that Best Buy's claims that it brought under Minnesota law were deficient, since a 3 1/2-year gap exists between December 2006, when tolling pursuant to a fraudulent concealment theory expired, and May 2010, when both companies entered a contractual tolling...
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