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Toshiba Conspired With Competitors on LCD Prices, Jury Rules

Toshiba Corp. conspired with competitors to fix the price of display screens and is liable for $87 million in damages, a U.S. jury ruled.

The 10-member jury, after deliberating in federal court in San Francisco for less than two days, found the company liable to manufacturers that used the displays for $17 million in damages and liable to consumers, who purchased finished products, for $70 million. Under antitrust law, defendants can be assessed damages of three times the overcharge, or $261 million in the jury’s decision today.