Decision Expected Friday in LCD Class Action Suit
A class-action suit charges that LCD makers conspired to keep their prices artificially high from the 1990's through 2006. The case involves technologies used in flat-panel displays for TVs and computer monitors.
On Friday, U.S. District Judge Susan Illston is expected to decide Friday whether to grant preliminary approval of a settlement by three of the companies involved, Toshiba, LG and AUO, or whether the three will have to face a trial.
The total deal involves 7 companies, and over $1 billion in damages.
Plaintiff's attorney Joseph Alioto says that should teach these companies a lesson. "This case will be a substantial deterrent and warning to them that from now on, it's not just going to be administrative proceedings," Alioto said. "They are either going to be taken to trial and they're going to pay the amount of money that they stole."
Lawyers for Toshiba, LG, and AUO had no comment.