The long-running LCD price-fixing cartel lawsuit, which stretches back as far as the nineties, has resurfaced this week, after a British court agreed that the case could be reopened. Legal proceedings involving the cartel came to a temporary stop in 2016, shortly after Japanese panel-maker Iiyama filed a lawsuit against LG and Samsung in the UK, when a High Court issued an order preventing any further litigation. The case was dismissed after the two companies maintained that any price-fixing that occurred happened in Asia, and so had no business being argued in the European Union court system.
However, that order has now been torn up in the Court of Appeal, after three judges ruled that the case does bear relevance to the European court system, as the price-fixing scandal, despite originating in Asia, had a knock-on effect within the panel industry in Europe. Samsung had previously attempted to have Iiyama’s claims thrown out summarily, but appeal court judges insisted on a full trial.
(Asian Firms Agree to Pay $45M in LCD Case)
(EU Dismisses Innolux’s Appeal in Cartel Case)
