Best Buy Loses LCD Price-Fixing Trial Against Toshiba
Law360, San Francisco (September 3, 2013, 8:42 PM EDT) -- HannStar Display Corp. participated in an Asia-based conspiracy to fix prices on liquid crystal display panels but co-defendant Toshiba Corp. did not, a California federal jury unanimously found Tuesday, awarding Best Buy Co. $7.5 million in damages at the close of the six-week trial in the massive multidistrict antitrust case.
Two damage experts for Best Buy estimated that the two LCD manufacturers owed the electronics retailer up to $770 million for selling it products that contained the price-fixed panels, which it then resold to customers, they testified during the trial.
Although the jury found that Best Buy had been harmed by...
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