Miss. Says $540M LCD Price-Fixing Deal Leaves It In Lurch

Law360, New York (May 17, 2012, 9:47 PM EDT) -- The state of Mississippi on Wednesday asked a California federal judge to modify a proposed $539 million settlement in multidistrict litigation involving allegations of price-fixing by major electronics manufacturers, claiming the settlement impermissibly bars ongoing litigation in state court.

Mississippi Attorney General Jim Hood argued in a motion to intervene that a proposed final approval order that adopts a settlement with Samsung Electronics Co. Ltd., Sharp Corp. and five other electronics giants contains a provision that would prohibit him from pursuing a separate lawsuit pending in...
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.