Circuit City Settles LCD Price-Fixing Claims Against Sharp

Law360, New York (June 12, 2013, 1:26 PM EDT) -- Circuit City Stores Inc.'s liquidating trust has reached a settlement with Sharp Corp. to resolve part of multidistrict antitrust litigation over alleged price-fixing on liquid crystal display panels, according to a filing Tuesday in Virginia federal bankruptcy court.

Under the agreement, Sharp would pay an undisclosed amount to the trust of bankrupt Circuit City to resolve allegations that Sharp participated in a price-fixing conspiracy along with several other LCD companies, according to a filing in Circuit City's bankruptcy proceedings.

The proposed settlement would clear Sharp of...
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