cartel

English High Court Allows LCD Damages Action to Proceed

On 29 July 2016, the High Court of England and Wales delivered its judgment dismissing the applications of two defendants to strike out a follow-on damages case in which the claimant, iiyama, asserts that it suffered losses as a result of the defendants’ alleged participation in the LCD cartel. Iiyama v Samsung [2016] EWHC 1980 (Ch).

The claim follows on from the European Commission’s decision of 8 December 2010, which found that six LCD panel producers had entered into a world-wide price fixing cartel and had implemented that cartel within the EU.  The Commission had been satisfied that the agreement related to direct and indirect sales of LCD panels to companies in the EU.  It also found that the participants in the cartel had sought to implement the cartel within the EU, even if price negotiations took place outside the EU.

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