Philips, Best Buy To Settle LCD Price-Fixing Claims

Law360, New York (December 3, 2012, 5:16 PM EST) -- Koninklijke Philips Electronics N.V. has reached a settlement with Best Buy Co. Inc. to resolve the retailer's claim that the Dutch giant took part in a conspiracy to fix prices for liquid crystal display technology, according to court documents filed Friday.

Philips told U.S. District Judge Susan Y. Illston — who's overseeing the sprawling multidistrict litigation over the LCD cartel — that it had reached an agreement in principle with Best Buy, though neither party disclosed details. Representatives for both companies did not immediately respond to...
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