LG Unit Dropped From Cathode Ray Price-Fixing MDL

Law360, New York (April 30, 2012, 1:14 PM EDT) -- An LG Electronics Inc. unit was dropped Friday from an antitrust multidistrict litigation in California federal court brought by several major electronics retailers, including Best Buy Co. Inc. and Sears Roebuck and Co., over an alleged price-fixing scheme for cathode ray tubes.

LG Electronics Taiwan Taipei Co. Ltd. reached an agreement with a proposed class of direct purchasers made up of Best Buy, Sears, and a host of other retailers, including Kmart Corp., Target Corp. and RadioShack Corp. The stipulation would release the company from all...
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