Nokia has filed suit against 11 LCD manufacturers that includes vendors such as Samsung, Seiko and Sharp, accusing them of collusion and price fixing.
The lawsuit, filed Nov. 25 in San Francisco, is based on federal and state antitrust claims. Major manufacturers of LCDs, like Sharp, LG, and Chungwa, apparently reached agreements that allowed them to divide the market for the hardware, keeping manufacturing artificially low, and prices high.
Among the companies named in the suit are Samsung, Toshiba, AU Optronics, Chunghwa Picture Tubes, Sharp and LG Display, as well as Philips Electronics, Tatung, Seiko Epson, Samsung SDI and Hitachi Display.
The news of the price-fixing is nothing new, though, and the alleged collusion ended three years ago, so consumers are unlikely to see any benefit from the fines or lawsuits.