|By PR Newswire||
|January 17, 2013 03:06 PM EST||
CRESSKILL, N.J., Jan. 17, 2013 /PRNewswire/ -- The Special Master has recommended attorney fees in the largest settlement—$1 billion—ever awarded in a class action suit over price-fixing. In Re: TFT-LCD Antitrust Litigation (07-01827, U.S. District Court, Northern District of California) alleged that from 1996-2006, Asian TFT-LCD panel manufacturers conspired to violate U.S. anti-trust laws, driving up prices and reducing the availability of the products used in televisions, computers, and other digital devices. In that period, the conspirators sold $71.9 billion in price-fixed panels worldwide—at least $23.5 billion in the U.S. where companies that used the panels in their products, distributors, and consumers overpaid by billions of dollars. After more than five years of litigation, attorneys have yet to receive any compensation. Even with the recommendation of attorney fees, it will be months—if not years—before settlements are released, so RD Legal Funding is making settlement financing immediately available to the TFT-LCD Antitrust attorneys.
TFT-LCD is a thin film transistor liquid crystal display in which each pixel has its own transistor on the glass itself, improving the LCD's image quality.
- 2001: Days after 9/11, conspirators representing major Asian electronics manufacturers meet in Taiwan and agree to fix LCD prices in the U.S. and elsewhere. At monthly "Crystal Meetings" they exchange production, shipping, supply and demand information, and fix prices.
- Mid-2005: Aware that customers suspect price-fixing, lower-level employees replace top-level employees at the meetings which are moved from hotel rooms to public restaurants.
- 2006: Learning about a U.S. price-fixing investigation into the dynamic random access memory (DRAM) industry, conspirators switch to meeting one-on-one.
- Mid-2006: The U.S. Department of Justice (DOJ)'s Antitrust Division requests FBI assistance in investigating LCD price-fixing.
- December 2006: U.S., Japan, Korea, and the European Union announce an investigation into anti-competitive activity among LCD panel manufacturers.
- 2006: DOJ accepts Samsung into its leniency program in exchange for concrete evidence of LCD price-fixing.
- November 2008: LG Display Co. Ltd. and LG Display America, Inc.; Chunghwa Picture Tubes; Hitachi Displays; Epson Imaging Devices Corporation; and Chi Mei Optoelectronics plead guilty to criminal charges of fixing prices of TFT-LCD panels sold in the U.S., agreeing to pay $58 million in criminal fines.
- 2009: The request is made to certify cases against TFT-LCD manufacturers, brought on behalf of individuals and businesses that purchased TFT-LCDs directly and indirectly, as a class action suit.
- June 2010: A federal grand jury returns an indictment against AU Optronics (AUO), its Houston-based U.S. subsidiary, and five current and former executives for violating the Sherman Act, levying a $500 million criminal fine. Former AUO President Hsuan Bin Chen and Executive Vice President Hui Hsiung are sentenced to three years in prison and a $200,000 criminal fine. AUO is ordered to implement an internal compliance program, hire an independent compliance monitor, and take out ads in U.S. and Taiwanese newspapers publicizing the criminal sanctions taken against it.
- July 3, 2012: A California jury returns a verdict against Toshiba. AUO, LG Display Co., and Toshiba Corp. agree to pay $571 million to resolve price-fixing allegations including $27.5 million in civil penalties to eight states. Toshiba denies any wrongdoing. Money from the settlement will be available to consumers in 24 states.
For more information about post-settlement financing, TFT-LCD Antitrust Litigation attorneys should contact RD Legal Funding at 1-800-565-5177 or go to legalfunding.com. Founded in 1997, RD Legal Funding is now one of the nation's leading providers of post-settlement attorney financing.
SOURCE RD Legal Funding, LLC
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Jul. 29, 2016 02:00 AM EDT Reads: 1,664
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Jul. 29, 2016 12:30 AM EDT Reads: 1,678
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Jul. 29, 2016 12:15 AM EDT Reads: 2,082
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jul. 29, 2016 12:15 AM EDT Reads: 1,987
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Jul. 28, 2016 11:45 PM EDT Reads: 1,219
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Jul. 28, 2016 10:15 PM EDT Reads: 1,229
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Jul. 28, 2016 10:15 PM EDT Reads: 2,222
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 10:15 PM EDT Reads: 1,438
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
Jul. 28, 2016 10:00 PM EDT Reads: 1,724
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 10:00 PM EDT Reads: 1,451
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jul. 28, 2016 10:00 PM EDT Reads: 2,098
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 28, 2016 09:00 PM EDT Reads: 2,715
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Jul. 28, 2016 07:15 PM EDT Reads: 1,236
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Jul. 28, 2016 07:15 PM EDT Reads: 402
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 06:45 PM EDT Reads: 1,646