7th Circ. Nixes Motorola's $3.5B LCD Price-Fixing Claims

Law360, Los Angeles (March 27, 2014, 4:48 PM EDT) -- The Seventh Circuit on Thursday rejected Motorola Mobility LLC’s bid to revive nearly $3.5 billion in antitrust claims against a slew of liquid crystal display makers’ foreign subsidiaries, calling the company “oblivious” to the concern of globally extending the Sherman Act.

In January, U.S. District Judge Joan B. Gottschall dismissed most of the antitrust claims brought by Motorola against a number of companies, including Samsung Electronics Co. Ltd., LG Display Co. and Sharp Corp., ruling that U.S. antitrust law doesn’t apply to purchases involving foreign subsidiaries....
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