Nokia Sues LCD Makers Over Alleged Price Fixing
Nokia has filed a lawsuit against 11 different manufacturers of liquid crystal displays and alleges that the companies colluded to fix LCD prices. Nokia believes that the companies kept LCD prices artificially higher during the Jan. 1, 1996 through Dec. 11, 2006 period than the market would otherwise have determined. Some of the companies named in the lawsuit include Samsung, LG, Sharp, Philips, Hitachi, and Toshiba. AT&T filed a similar lawsuit against some of these companies in October. The lawsuit was filed in San Francisco.
Economics 101 for idiots
"AT&T filed a similar lawsuit against some of these companies in October. "