Judge Grants Final Approval Of $30M Settlement Between Toshiba, Direct Purchasers

SAN FRANCISCO - The federal judge in California overseeing the film transistor-liquid crystal displays (TFT-LCD) antitrust litigation on Dec. 18 granted final approval to a $30 million settlement between Toshiba Corp. and direct purchasers, vacating a jury award of $87 million in damages to the purchasers on their claims that Toshiba engaged in a conspiracy with other manufacturers to raise and fix the price of TFT-LCD panels and certain products containing those panels imported into the United States (In re: TFT-LCD $(Flat Panel$) Antitrust Litigation $(All Direct Purchaser Actions$), MDL No. 3:07-md-1827 SI, N.D. Calif.; See October 2012).

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