Legal Woes Should Roll Right Off Samsung
Samsung Electronics (SSNGY), already facing scrutiny by antitrust regulators in South Korea, the U.S., and Japan, for possible price fixing of liquid-crystal display panels, has another legal headache. It has been accused of patent infringement in the use of Bluetooth wireless technology in its products. If found guilty, the South Korean electronics heavyweight could be fined or made to pay for the damages. On news of the lawsuits, Samsung's shares fell 2.24% to $662.76 on Jan. 3, while the Seoul bourse's benchmark Kospi index fell 1.81%.
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