Toshiba, Others Accused Of $1B Digital Card Cartel

Law360, New York (March 16, 2011, 4:02 PM EDT) -- A putative class filed suit Tuesday in California against Panasonic Corp., Toshiba Corp. and SanDisk Corp., alleging they overcharged consumers by up to $1 billion through a cartel to control intellectual property rights to secure-digital cards.

The consumer class action was filed in the U.S. District Court for the Northern District of California. David Healey of Fish & Richardson PC, who is representing the plaintiffs, gave a preliminary damages estimate of $500 million to $1 billion.

The suit comes after Samsung Electronics Co. Ltd. filed a...
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.