HP Files Lawsuit Against Display Makers for Price-Fixing
December 5, 2012 8:19 AM
comment(s) - last by
HP is seeking unspecified damages
Computer maker HP has filed suit against Chunghwa Picture Tubes and Tatung Company of America seeking to recover damages because of LCD price-fixing. Both of those companies are subsidiaries of Tatung Company, a consumer electronics maker from Taiwan.
In November of 2008, the companies pled guilty to participating in a conspiracy with other major LCD display manufacturers to set fixed pricing for TFT-LCD panels at predetermined levels. The company had agreed to pay a $65 million fine for its part in the conspiracy.
"HP has filed suit against Chungwha Picture Tubes, Ltd. and its subsidiary Tatung Company of America, Inc., in a California court to recover damages the company suffered as a result of the defendant's admitted participation in a TFT-LCD price fixing scheme from 1996-2006," HP's vice president of corporate communications, Howard Clabo, said Tuesday via email.
"HP has suffered significant damages as a result of the price-fixing conspiracy in which Chungwha has admitted it participated," Clabo said.
HP reportedly tried to settle the case out of court, but negotiations failed. Clabo says that after negotiations failed taking the matter to court was HP's only option.
HP is currently in a bit of financial turmoil and is looking for ways to improve its bottom line. HP recently racked up an
$8.8 billion write-down
on its purchase of software firm Autonomy.
The massive write-down led to HP reporting a $6.9 billion loss in Q4. HP alleges that the giant write-down was the result of "serious accounting improprieties" at
This article is over a month old, voting and posting comments is disabled
RE: Sue Sue Sue...
12/5/2012 4:17:33 PM
Oh please. I'll believe that load of bullcrap when HP refunds any net proceeds from this lawsuit to customers.... who ultimately paid for the overpriced LCD screens.
“We do believe we have a moral responsibility to keep porn off the iPhone.” -- Steve Jobs
Ex-Autonomy Owner Blast HP's Accusations
November 26, 2012, 12:43 PM
HP Posts Horrific Guidance, Will Take $8.8B USD Hit on "Improprieties"
November 20, 2012, 9:27 AM
No Free Play Day for You! Microsoft Says Apparent Promotion was an Error
August 22, 2014, 2:50 PM
BlackBerry Passport to Feature Snapdragon 800 Processor, 3,450 mAh Battery
August 22, 2014, 2:05 PM
Moto X+1 Press Renders Leak, New Images Show Schematics for 4.7", 5.5" iPhone 6
August 22, 2014, 9:52 AM
BlackBerry’s Latest "Plug" for its Passport Smartphone: Displaying Sharp X-rays for Doctors
August 21, 2014, 4:49 PM
Sprint Introduces $60 Unlimited Plan, Touts $20/Month Costs Savings Versus T-Mobile
August 21, 2014, 2:05 PM
Opera Becomes Official Browser of Microsoft-Nokia's Non-Windows Phones
August 21, 2014, 1:01 PM
Most Popular Articles
Lumia 830 Gets Major Upgrades Including New 20.1 Megapixel Toshiba Sensor
August 15, 2014, 6:00 PM
Windows Phone, BlackBerry Smartphone Market Share Falls to 2.5%, 0.5% Respectively
August 15, 2014, 9:44 AM
GM Concedes That the Cadillac ELR Doesn’t Really Compete with the Tesla Model S
August 15, 2014, 5:42 PM
Report: Windows 9 “Threshold” Tech Preview Coming Next Month
August 15, 2014, 11:29 AM
Apple Scores Patents, Preps New Reversible USB Plug for iPhone 6 Connector
August 18, 2014, 1:32 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information