Massive LCD Cartel Cost Best Buy $800M, Jury Hears

Law360, San Francisco (July 23, 2013, 9:40 PM EDT) -- Toshiba Corp. and HannStar Display Corp. colluded with other Asian manufacturers to fix prices on liquid crystal display panels in products sold to Best Buy Corp., costing the retailer nearly $800 million, Best Buy’s lawyers told a federal jury during opening statements in the massive multidistrict price-fixing trial Tuesday.

Best Buy purchased Toshiba-made laptops and televisions containing price-fixed LCDs, as well as similar products containing LCDs made by HannStar to sell in its U.S. stores, fueling the retailer's claims that it both directly and indirectly purchased the...
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