Best Buy, Innolux To Settle LCD Price-Fixing Suits

Law360, New York (May 31, 2013, 7:21 PM EDT) -- Best Buy Co. Inc. has reached a preliminary deal with Chimei Innolux Corp. to settle multidistrict litigation accusing the electronics maker of fixing liquid crystal display prices, the retailer said Thursday.

The retailer's case is one of the direct-action plaintiff suits headed for trial in July, and the company told the court in a letter that the LCD maker, now known as Innolux Corp., wouldn't be taking part in any further pretrial proceedings for the case because of the agreement in principle to settle the litigation....
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