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Seiko Epson to Pay $80M to Settle Nokia’s U.S., U.K. Lawsuits

Seiko Epson Corp., a Japanese maker of printers and scanners, agreed to pay $80 million to settle antitrust lawsuits filed by Nokia Oyj in the U.S. and U.K.

Seiko Epson will incur an extraordinary loss in its third quarter because of the settlement, the Nagano, Japan-based company said in a Tokyo Stock Exchange filing today. The settlement, relating to suits over supplies of liquid-crystal displays, won’t alter the full-year earnings forecast, according to the statement.