Court Approves Class Action Status for LCD Price Fixing Lawsuit

Jack Lee and Brad YamauchiIn late March, U.S. District Judge Susan Y. Illston in San Francisco certified a price fixing class action lawsuit filed by Minami Tamaki LLP as a class action on behalf of customers of liquid-crystal displays (LCDs) or products containing them.

Partners Jack Lee (left photo) and Brad Yamauchi (right photo) filed the lawsuit in 2007 against Samsung Electronics, LG Philips, Sharp, Toshiba, Hitachi, and others, alleging violation of antitrust and unfair competition laws, on behalf of all owners of LCD displays who were overcharged due to a price fixing scheme.

The firm is seeking money damages from the defendants, including restitution of all profits illegally obtained from overcharging the public. Price fixing occurs when vendors cooperate to set prices for their products at artificially high levels.

The firm has been deeply involved in trial preparation for the case in anticipation of a likely trial date in 2011.

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