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Toshiba gets price fixing fine

Toshiba gets price fixing fine

Japanese electronics maker Toshiba has been fined $87m (£55m) for conspiring to fix prices of liquid crystal display (LCD) panels in the US.

go to site It has been accused of holding meetings with other LCD makers in a bid to keep prices of the panels at a high level. The fine comes just months after Taiwanese firm AU Optronics was found guilty on similar charges.

enter site Toshiba has denied the charges and said it will take necessary legal action to overturn the verdict. “While Toshiba appreciates the jury’s time and effort, Toshiba believes that the jury’s verdict is in error as to the finding of wrongdoing,” the firm said.

enter Read More/Source: BBC News

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