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Nokia Sues LCD Makers Over Alleged Price Fixing

Article Comments  7  

Dec 1, 2009, 8:27 AM   by Eric M. Zeman

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.

Wall Street Journal »



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Dec 1, 2009, 10:48 AM

Economics 101 for idiots

If the price is too high, do not buy.
So, evidently, if the price is being fixed, you stop making phones, right? Doesn't sound like good economics to me.

Dec 1, 2009, 8:59 AM


Isn't this the same lawsuit that everyone dogged AT&T about a month ago? Seems like they're not the only ones who noticed something was up.
I thought the same exact thing when I saw the headline.
right in the article..

"AT&T filed a similar lawsuit against some of these companies in October. "
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