John Paczkowski

Recent Posts by John Paczkowski

Damages in LCD Price-Fixing Case Top $1 Billion

LG Display, AU Optronics and Toshiba have resolved a civil lawsuit brought against them over price fixing in the liquid-crystal display market. Collectively, the trio will pay $571 million to settle a class-action lawsuit that alleged that they colluded in a global price-fixing scheme to artificially spike the price of displays used in televisions, laptops, and other electronics.

Assuming the settlement is approved, AU Optronics will pay $170 million in damages; Toshiba will pay $21 million. LG Display will fork over the largest sum among its fellow defendants: $380 million in damages.

Taken together with the $535 million settlement won from seven other display makers in a similar case last year, these new settlements raise the combined damages recovered in the case to more than $1 billion. That makes it the largest consumer class-action price-fixing settlement ever — again, assuming it is approved.

For their part, LG Display and Toshiba continue to deny the allegations brought against them, saying they agreed to settlements only to avoid further expenses and protracted litigation. AU Optronics didn’t immediately respond to a request for comment.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus