LG To Pay $25M To Settle Cathode Ray Price-Fixing Claims

Law360, New York (September 6, 2012, 10:17 PM EDT) -- LG Electronics Inc. on Thursday agreed to pay $25 million in the fourth settlement to resolve claims by a proposed class of direct purchasers in multidistrict litigation alleging electronics makers including Toshiba Corp. and Hitachi Ltd. conspired to fix prices on cathode ray tubes.

In a notice of settlement filed in California federal court, the direct purchaser plaintiffs, who had bought cathode ray tubes and related products from March 1995 to November 2007, agreed to release their claims in exchange for the payment and LG’s agreement...
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