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VOL. 128 | NO. 104 | Wednesday, May 29, 2013

Court to See if Mississippi Lawsuit OK on Global Issue

AP

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WASHINGTON (AP) — The Supreme Court will consider whether the state of Mississippi can bring a state-level lawsuit in a global LCD screen price-fixing conspiracy.

The justices on Tuesday agreed to hear an appeal from state officials in their lawsuit against AU Optronics Corp. A federal jury last year found the company guilty of price-fixing on its liquid crystal display screens. Mississippi also wanted to sue in state court.

But the 5th U.S. Circuit Court of Appeals refused to send that lawsuit back, instead allowing it to stay in federal courts. Four other states, however, have been allowed to bring state-level lawsuits against the Taiwan company.

Several companies from Japan, Korea and Taiwan were accused of fixing prices for thin film transistor LCD panels from 1999 to 2006.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 73 220 17,575
MORTGAGES 83 246 22,897
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