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Nokia calls foul play against display manufacturers

Nokia calls foul play against display manufacturers

Nokia has filed lawsuits against a group of electronics firms which it claims have established an illegal cartel within the mobile phone and computer displays market.

Action is being taken in both the UK and the US and Nokia claims that it is following up information obtained by governmental investigations in a number of regions. The total level of compensation being sought has not been revealed.

A Nokia spokesperson said that the cartels involved dealt in both LCD and the older CRT display technology, suggesting that the alleged activities date back some time.

Among the accused are a number of big names, including Hitachi, LG, Phillips, Sharp, Samsung and Toshiba.

All of those named in the suits have declined to release statements or comments on the case.

Nokia's shares jumped by 2.51 per cent after the story broke, while shares in some of the targeted firms dropped slightly. Phillips stocks were down 2.8 per cent at the time of writing.

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