Hitachi-LG's $26M Price-Fixing Deal Gets Judge's OK

Law360, San Francisco (September 20, 2013, 4:48 PM EDT) -- A California federal judge Friday gave final approval to Hitachi-LG Data Storage Inc.'s $26 million bid to exit multidistrict litigation over price-fixing on optical disc drives, which plaintiffs' attorneys say has paved the way for more settlements with drive manufacturers that could be filed as soon as Monday.

The deal settles price-fixing claims lodged against the Korean joint venture by a putative class of plaintiffs who purchased CD, DVD and Blu-ray drives contained in computers, video game consoles and movie disc players. It has also served as an “ice...
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