Hitachi Should Be Sanctioned For Answer: LCD Class

Law360, New York (April 9, 2010, 5:57 PM EDT) -- The indirect purchaser class in multidistrict litigation alleging a massive price-fixing scheme in the thin film transistor liquid crystal display panel industry has requested sanctions against Hitachi Ltd. for allegedly swearing to false statements in its response to the group's complaint.

The plaintiffs lodged their motion for evidentiary sanctions on Thursday in the U.S. District Court for the Northern District of California, arguing that Hitachi's answer to their second amended consolidated complaint contained statements contrary to the admissions made in the company's guilty plea as part...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.