TFT-LCD Antitrust Class Action

GIRARD GIBBS APPOINTED INTERIM LIASON COUNSEL ON BEHALF OF DIRECT PURCHASERS.

Girard Gibbs LLP filed a class action lawsuit against numerous manufacturers of Thin-Film Transistor Liquid Crystal Displays (TFT-LCDs), alleging that those manufacturers conspired to fix prices on the screens in violation of federal antitrust laws. Similar cases against these manufacturers were consolidated in the United States District Court for the Northern District of California before the Honorable Susan Y. Illston. On July 10, 2007, Judge Illston appointed Girard Gibbs LLP as liaison counsel for the consolidated actions on behalf of direct purchaser plaintiffs.

The complaint alleges that the manufacturers agreed to restrict the supply of TFT-LCDs in the market, causing persons and business who bought TFT-LCDs directly from the manufacturers to pay artificially inflated and non-competitive prices in violation of federal law. Customers who bought TFT-LCDs directly from the defendants or their subsidiaries from approximately January 1, 1998, to the present are considered members of the class.

TFT-LCDs are thin, flat panel display devices that are used in televisions, desktop computer monitors, notebook computer monitors, mobile phones, personal digital assistants and other electronic devices.

The class action names the following defendants, among others: Samsung, L.G. Philips, Sharp Corporation, Toshiba, Hitachi, Sanyo, NEC, AU Optronics.

For more information on this lawsuit, please continue to check this website for updates or contact Aaron Sheanin.