In its ruling of today, a San Francisco jury has found Toshiba a part of the conspiracy that was running over the company's LCD price fixing.
The jury said in its statement that Toshiba has been founded guilty of manipulating the prices of LCD with vendors to keep the figures artificially higher.
The 10-member jury has charged the company with an $87 million fine after deliberating the figures for almost two days. They founded the company's involvement in the conspiracy and have ordered Toshiba to pay $17 million to manufacturers and $70 million to consumers.
But on the other hand, the Japanese electronics giant said that the company does not owe any amount towards the jury's fine as they claim that the entire payment of settlements have already been made by the other defendants that were involved in the class-action lawsuit.
"Given credits for settlements by other defendants, Toshiba expects that it will not have to pay any damages as a result of this verdict, even after trebling under U. S. antitrust laws", Toshiba said in a statement.
The above decision from the jury follows the confirmations of Toshiba's non-involvement in the settlement of lawsuits worth $553 million that was done by seven LCD manufacturers, including Samsung and Sharp in December last year.
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