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BrandsMart Sues Samsung, LG, AUO, Toshiba Among Others For Alleged Price Fixing

SEOUL -(Dow Jones)- Electronics retailer BrandsMart USA Inc. has filed a lawsuit with the U.S. federal court in Florida against a slew of Asian flat panel makers, including Samsung Electronics Co. Ltd. (005930.SE), LG Display Co. Ltd. (034220.SE), AU Optronics Corp. (2409.TW) and Toshiba Corp. (6502.TO), for allegedly fixing the prices of liquid crystal displays. The listed companies have formed an "international cartel" to eliminate competition and fix the prices of LCD panels used in consumer electronics, ranging from cell phones to televisions, from 1996 to 2006, according to a court filing in the U.S. "During the relevant period, the conspiracy affected billions of dollars of commerce throughout the United States." About 35 companies, including units of some of the LCD makers, are named as defendants in the lawsuit. "We can't comment on the suit as we have not been served," a Samsung spokesman said. An LG Display spokeswoman declined to comment. Japan's Toshiba Corp. wasn't immediately reachable for comment, while Taiwan's AUO said it was still checking the issue. -By Jung-Ah Lee, Dow Jones Newswires; 822-3700-1907; jung-ah.lee@dowjones.com

Stock News for Au Optronics (AUO)
DateTimeHeadline
04/29/201322:00:10Another AU Optronics Executive Jailed in U.S.
04/29/201321:42:39Another AU Optronics Executive Jailed in US for Price Fixing
12/19/201222:11:14US Jury Finds AU Optronics Executive Guilty of Price Fixing
12/04/201216:22:08Hewlett-Packard Sues Chunghwa, Tatung, Alleging LCD Screen Price-Fixing...
10/16/201216:53:43ADR Report: Shares Rise Amid Spain Hopes
10/03/201204:00:08Apple Begins Mass-Producing Smaller Tablets
10/03/201203:52:05Apple Suppliers Now Mass-Producing Tablets Smaller Than Existing...
09/20/201220:26:07AU Optronics: Will Book US$223 Million Additional Provision for...
09/20/201217:01:08ADR Report: Shares End Lower Amid Weak European, Asian Economic...
09/13/201200:20:52AU Optronics Faces $1 Billion U.S. Fine Over Price Fixing
09/12/201223:51:35AU Optronics: US Seeks US$1 Billion Fine From Firm Over Price...
09/12/201210:10:16U.S. Seeks $1 Billion Price-Fixing Fine for AU Optronics
07/04/201210:01:06SUBSCRIBERS: Apple Asian Mass Production Plans Already Reported
07/04/201208:59:21Apple Asia Suppliers Prepare Mass Production of Smaller Tablet...
06/14/201217:11:13ADR Report: Shares Higher on Chatter Ahead of Greek Election
03/13/201221:55:23AU Optronics Says To Appeal U.S. Price-Fixing Guilty Verdict
03/09/201217:10:47ADR Report: Shares Lower As Financials Fall
06/27/201122:02:24AU Optronics: Suing Samsung, Its Customers On LCD Patent Infringement
06/09/201123:47:11AU Optronics Chairman: To Focus On Growing In Emerging Markets...
06/07/201104:20:15BrandsMart Sues Samsung, LG, AUO, Toshiba Among Others For Alleged...

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