Nokia sues Asian LCD makers over price-fixing allegations

By on

nokia-logo Nokia, the largest maker of phones in the entire world, has decided to sue Asian LCD panel makers – including LG, Sharp, Hitachi and Samsung – after alleging that all the parties colluded with each other to fix prices for their LCD displays, which are used almost anywhere today – including phones. Turns out, this is pretty common, with several LCD makers pleaded guilty in price fixing late last year in the US and were fined.

Nokia claims that it “suffered damages … and is entitled to treble damages and injunctive relief to remedy these injuries”, according to the Wall Street Journal. I’m guessing that Nokia is really looking to shore up its finances, especially when it launched a lawsuit with Apple over patents – though, the LCD one does make some sense, as you would obviously be angry if you were paying a higher price for the LCD screens than what it actually costs.

Join the Newsletter

Subscribe to get our latest content by email.

    We respect your privacy. Unsubscribe at any time.