LG Reaches $25M Deal With Cathode Ray Indirect Purchasers

Law360, New York (September 16, 2013, 9:44 PM EDT) -- LG Electronics Inc. has reached a $25 million settlement resolving indirect purchaser claims in multidistrict litigation accusing it of participating in a global scheme to inflate the prices of devices containing cathode ray tubes, according to a motion filed Monday in California federal court.

The agreement also requires LG to assist the indirect buyers of CRTs, which were once a critical component of televisions and computer monitors, in pursuing actions against the other manufacturers allegedly involved in the price-fixing plot "by providing information relating to the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.