Nokia sues 11 LCD makers for colluding on pricing

The world's largest cellphone maker, Nokia, is suing 11 manufacturers of LCD displays for allegedly colluding on fixing the prices of liquid crystal displays, according to a Tuesday WSJ report (subscription required). In the suit, filed on November 25th in San Francisco, Nokia maintains the companies raised the prices of LCDs above what they would have been in a competitive market, in a period ranging from January 1st, 1996, to December 11th, 2006. Nokia purchased these overpriced LCDs for its smartphones....

Source : http://www.electronista.com/articles/09/12/01/noki...