Circuit City, Chi Mei Settle LCD Price-Fixing Claims

Law360, New York (October 23, 2012, 7:56 PM EDT) -- The liquidating trust for bankrupt Circuit City stores on Monday reached a settlement with Chi Mei Electronics in antitrust multidistrict litigation over price-fixing in the market for LCD screens.

Although the terms of the settlement were sealed, the damage claim is more than $10 million, according to court documents. The agreement only applies to LCD screens, and not other claims Circuit City's trust is pursuing against the Taiwanese electronics company, according to the motion filed with the Virginia bankruptcy court Monday.

The deal between the Circuit...
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