Federal appeals panel to weigh LCD price-fixing lawsuit
Published: September 24,2012
Tags: appeal, COST, court, decision, fabricate, fabricating, fabrication, federal law, goods, judge, judicial, judiciary, law, law enforcement, legal, manufacture, manufacturer, manufacturing, panel, price, price fixing, ruling, state agency, state government, state law, supplier
NEW ORLEANS — A federal appeals panel will decide whether a Mississippi or federal court has jurisdiction over a lawsuit alleging price fixing by manufacturers of liquid crystal display screens.
A panel of the 5th U.S. Circuit Court of Appeals has scheduled oral argument in New Orleans for Oct. 5.
Mississippi Attorney General Jim Hood sued several major suppliers of LCD screens in Hinds County Chancery Court in March of 2011. Hood alleged in the lawsuit that consumers paid extra because of price fixing in violation of the Mississippi Consumer Protection Act.
The lawsuit seeks damages, restitution and civil penalties for actions from 1996 to 2006 by companies in Japan, Korea and Taiwan, plus their U.S. counterparts.
In June of 2011, the companies had the case transferred to federal court. They argued that if a lawsuit resembled a purported class action that it should be considered a class action and be heard in federal court.
U.S. District Judge Carlton W. Reeves this May ordered the case sent back to the Hinds County Chancery Court. Reeves said his court did not have jurisdiction because the case was not a class action and because federal law’s general public exception required it be returned to state court.
The companies appealed the ruling to the 5th Circuit.
The companies filed briefs in the case this past week. The attorney general’s office has a deadline of tomorrow to file a response.
The companies have paid out millions to settle class-action lawsuits and still face other lawsuits in the United States and around the world.
The U.S. government is wrapping up an investigation of the scheme that artificially increased the price of LCD screens used in televisions, computers and other electronics. The case involved at least 12 manufacturers.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Jackson’s Landmark Center slated for mixed-use conversion
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Race to the pump: Feds appear ready to beat state on new gas taxes
- Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners
- Senate transportation chair seeks emergency money for roads, bridges
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Irby commits suicide after wife's prison release
- 3 dozen groups OK'd for Miss. specialty car tags