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US: Samsung settles for millions cathode tube price-fixing case

By  |  March 11, 2014

Samsung SDI has reportedly agreed to settle price-fixing claims with a $33 million offer, the company’s lawyers said.

Lawsuits were first filed in 2007 accusing Samsung and other manufacturers of fixing the price of cathode-ray tubes, which were used in televisions and computers. Since, more than $81 million in settlements have been reached.

Samsung’s $33 million offer is the largest of those suits, reports say.

The settlement, which is pending a judge’s approval, would close the case that accuses Samsung of the collusion beginning in 1995. If cleared, reports say thousands of product purchasers would be eligible to claim funds.

Full Content: Bloomberg

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