Circuit City Resolves LCD Price-Fixing Claims Against LG

Law360, New York (November 2, 2012, 4:58 PM EDT) -- The trustee for bankrupt retailer Circuit City Stores Inc. on Thursday asked the Virginia bankruptcy court to sign off on a settlement reached with LG Display Co. Ltd. in a wide-ranging multidistrict litigation over price-fixing in the market for liquid crystal display screens.

Though the terms of settlement were not disclosed, the motion for entry of an order approving the agreement notes that Circuit City’s liquidation plan mandates that settlements of causes of action with damage claims over $10 million must be approved by the bankruptcy...
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