Hitachi Reaches $13.4M Deal In Cathode Ray Price-Fixing MDL

Law360, New York (December 9, 2013, 1:43 PM EST) -- Hitachi Ltd. reached a $13.4 million settlement with a group of direct purchasers of its cathode ray tubes, who accused the manufacturer of involvement in an international conspiracy with competitors to fix the devices' prices, according to a motion Friday seeking a California federal judge's approval of the accord.

The company, one of several to recently settle some or all of the claims in the multidistrict litigation, also agreed to cooperate with the direct purchasers and assist their cases against the remaining defendants by, among other...
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