|[September 03, 2013]
Toshiba Responds to Jury Verdict in Best Buy Lawsuit for LCD Price Fixing
TOKYO --(Business Wire)--
Toshiba (News - Alert) Corporation announced today that a jury in the United States
District Court for the Northern District of California (San Francisco)
issued a verdict finding that Toshiba did not participate in a
conspiracy in the LCD panel industry. The verdict is subject to further
proceedigs before the district court. Best Buy (News - Alert) filed suit against
Toshiba and other companies claiming to have been damaged through its
purchases of products such as TVs and notebook computers as a result of
price fixing in the LCD panel industry.
Toshiba is grateful for the jury's efforts and consideration. Toshiba
has consistently maintained that there was no illegal activity on its
part in the LCD business in the United States, and Toshiba continues to
hold that view.
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