This class action was filed in 2007 by direct purchasers of LCD panels and related products in the United States.
Toshiba claims that there was no illegal activity on its part in the LCD business in the United States, and Toshiba continues to hold that view. The company believes that the jury's verdict is in error as to the finding of wrongdoing on Toshiba's part. The Japanese company plans to pursue all available legal avenues to correct that finding. In addition, Toshiba said it has no plans to revise projections for fiscal 2012 business performance due to this matter.
In December, the court approved a $388 million settlement payment by defendants including Sharp, Samsung Electronics , and LG Display involving claims by direct purchasers. It earlier approved $17 million in settlements for direct purchasers.
In January, the court gave preliminary approval to settlements totaling more than $538 million in a separate antitrust case involving indirect purchasers.