A jury in Northern California found Toshiba guilty of conspiring with other LCD panel manufacturers to fix prices in the U.S. market, and the verdict in the class-action suit could lead to an $87 million fine.
But Toshiba insists that it did nothing wrong. "Toshiba has consistently maintained 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 said.
Seven other companies accused in the suit paid $553 million in a settlement in December. According to a report from The Wall Street Journal, these were Samsung, Sharp, Hitachi Displays, Chimei Innolux, Epson Imaging Devices, HannStart Display and Chunghwa Picture Tubes.