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In re: TFT-LCD Antitrust LitigationMDL No. 1827, U.S.D.C., Northern District of California March 2009
Hausfeld LLP is among the counsel for a putative class of direct purchaser plaintiffs in this antitrust class action in which plaintiffs allege price-fixing by the leading manufacturers of Thin Film Transistor-Liquid Crystal Display (“TFT-LCD”) panels. TFT-LCDs are used in a number of products, including computer monitors, televisions, and cellular telephones. Plaintiffs allege that the price-fixing affected both the panels manufactured by the defendants, as well as products manufactured by the defendants that contain their panels. The manufacturer defendants are based in Japan, South Korea, Taiwan, and the United States, and control the majority of the TFT-LCD industry, a multibillion dollar market. On November 12, 2008, in related criminal proceedings brought by the United States Department of Justice (the “DOJ”), the DOJ announced that it had reached agreements with three TFT-LCD manufacturers – LG Display Co. Ltd. (and its U.S. subsidiary, LG Display America Inc.), Sharp Corporation, and Chunghwa Picture Tubes, Ltd. – to plead guilty and pay a total of $585 million in criminal fines for their roles in the conspiracy to fix prices of TFT-LCD panels. The parties are in the midst of briefing class certification.
For more information, please contact attorneys Michael P. Lehmann, Christopher L. Lebsock, or Jon T. King in our San Francisco office.
Practice Areas: Antitrust / Competition
Supporting Documents
» First Amended Consolidated Complaint
(PDF)
» Class Certification Decision
(PDF)
