Toshiba in the price-fixing scam asked by the 10-member jury in the United States District Court for the Northern District of California (San Francisco) issued a verdict against Toshiba in the amount of US$87 million over the price-fixing scam. The other defendants LG Display, Sharp, and others faced criminal charges and pled guilty, paying a total of $585 million. The 10-person California jury ruled that Toshiba was liable for $17 million in damages to manufacturers and $70 million to consumers, and under US laws it may be charged three times as much; or $261 million. However, Toshiba “plans to pursue all available legal avenues to correct that finding.”
(Image Source: Toshiba logo, Featured Image)
