Best Buy Drags Technicolor Back Into CRT Price-Fixing MDL

Law360, Los Angeles (November 13, 2013, 10:16 PM ET) -- Best Buy Co. Inc. launched a suit in California federal court Wednesday that accuses Technicolor SA, Mitsubishi Electric Corp. and others of fixing prices for cathode-ray tubes, adding to years-old multidistrict litigation over the alleged wide-ranging conspiracy.

The new suit, brought by Best Buy and Magnolia Hi-Fi LLC, alleges the defendants controlled most of the lucrative CRT market from at least March 1995 to November 2007, artificially inflating prices in order to increase profitability while restraining competition.

Best Buy and Magnolia claim they were overcharged for...
To view the full article, register now.