Toshiba conspired with vendors to keep LCD prices artificially high and is liable for an $87 million fine, a San Francisco jury determined today.
The 10-member jury deliberated for less than two days before finding Toshiba liable to manufacturers for $17 million and to consumers for $70 million. U.S. antitrust laws allow overcharge damages to be tripled.
However, the Japanese electronics giant said it doesn't anticipate paying anything toward the jury's fine because other defendants in the class-action lawsuit have already paid settlements that exceed the fine against Toshiba.
"Given credits for settlements by other defendants, … Read more