Toshiba fined 87 million for price-fixing lcds

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A court in the U.s. state of California lwa, Toshiba has imposed a fine of 87 million dollars for price-fixing. The vast majority of the penalty should be by the Japanese company to consumers will be returned.

The statement was made in a so-called class action suit involving a group of victims together as a party condemns, in this case Toshiba. The Japanese company would have made arrangements with several other manufacturers, the price of lcd’s to hold it high. A part of these manufacturers could be accommodated at the end of last year, to 539 million dollars. Toshiba decided not to settle the lawsuit.

The manufacturer holds to its position that nothing illegal has been done and said legal steps will be take to that proven to get. Despite the verdict of the jury think Toshiba that no compensation will have to pay because the victims have already been compensated by the companies that at the end of last year a settlement was found. According to the judgment a total of $ 70 million to consumers to be paid, and a further 17 million to affected manufacturers.