Jul 16
The New York Times is reporting that RIM has been found liable of infringing software patents held by Mformation Technologies. There goes $147 million in damages for the BlackBerry manufacturer—more cash it can’t afford to lose. More »
Jul 12
AUO, LG, Toshiba pay $571 million to settle LCD price fixing lawsuit, broken record keeps skipping
Posted in: Today's Chili 
The way LCD price fixing lawsuits keep popping up and settling in short order, you’d think they were going out of style. The latest motley group to face a reckoning includes AU Optronics, LG and Toshiba, the combination of which has agreed to pay a total of $571 million to eight separate American states to either avoid the the legal wrath of a class action lawsuit or to pay an outstanding fine. Allegedly, the trio kept LCD prices artificially high between 1996 and 2006, hiking the prices of PCs and TVs in the process. There’s a slight twist here: while keeping the display builders honest is the primary goal, the class action status will net some direct rewards for the public. Americans who claim to have been wronged in the scandal can get “at least” $25, which goes a lot further towards buying an LCD than it did six years ago.
Filed under: Displays, Home Entertainment
AUO, LG, Toshiba pay $571 million to settle LCD price fixing lawsuit, broken record keeps skipping originally appeared on Engadget on Thu, 12 Jul 2012 13:55:00 EDT. Please see our terms for use of feeds.
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Jul 04
It’s been more than three years since being slapped with a record-setting €1.06 billion (roughly $1.45 billion) antitrust fine by the EU, and Intel is finally getting around to putting an appeal in motion. The request for a reversal is going to the second highest court in the union, the General Court in Luxembourg, where Intel’s lawyers plan to argue that the evidence used to convict the company was “profoundly inadequate.” The Commission that levied the fine was also criticized the European Ombudsman for failures in record keeping and procedure during the original investigation. However, the prosecution is sticking steadfast to its argument that rebates handed out by Chipzilla were clearly a clever ploy to hide its anti-competitive practices. Should the hearing not go Intel’s way, there is one last stop on its journey — the EU’s Court of Justice. A loss there would require the rather sizable fine be paid.
Intel appeals record-setting $1.45 billion antitrust fine… from 2009 originally appeared on Engadget on Wed, 04 Jul 2012 13:54:00 EDT. Please see our terms for use of feeds.
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