Toshiba Seeks To Avoid Damages On $87M LCD Verdict

Law360, New York (July 12, 2012, 6:16 PM EDT) -- Toshiba Corp. moved Wednesday to avoid paying damages after a class of direct purchasers of liquid crystal displays won an $87 million price-fixing verdict against the company, arguing that the $443 million the plaintiffs already won from other defendants should offset the jury award.

Even if the verdict were trebled under the Sherman Act, it still would amount to only $261 million in damages, meaning the plaintiffs already have recovered all their damages from AU Optronics Corp., LG Display Co. Ltd. and others, according to Toshiba's...
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