Tuesday, May 28, 2013

Reuters: U.S.: Justices agree to hear LCD display price-fixing case

Reuters: U.S.
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Justices agree to hear LCD display price-fixing case
May 28th 2013, 14:14

WASHINGTON | Tue May 28, 2013 9:39am EDT

WASHINGTON (Reuters) - The Supreme Court on Tuesday agreed to weigh in on a dispute between states and electronics manufacturers over whether restitution claims based on alleged price-fixing in the market for liquid crystal display panels should be heard in state or federal court.

South Carolina and Mississippi are among 13 states that have sued various manufacturers, including AU Optronics Corp and LG Electronics Inc, seeking restitution over an alleged conspiracy among the companies to fix prices, which has been the subject of a criminal probe and multiple lawsuits.

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