26.12.2011 14:20 Uhr, Quelle: MacNN

Seiko Epson pays $80m to Nokia for alleged LCD price fixing

Seiko Epson stated Monday that it was paying Nokia $80 million to settle its part of a Nokia lawsuit over price fixing for cellphone LCDs. Although Seiko Epson still denied that it colluded with others on artificially hiking LCD prices, it decided to pay $80 million rather than risk a product ban. Nokia wasn't requiring an admission of liability in return for dropping the lawsuits, but Seiko Epson argued that it was being pressed into a payment it wasn't ready to make.

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