Justices: LCD price-fixing case can be heard in state court
Published: January 14,2014
WASHINGTON — The Supreme Court has ruled unanimously that Mississippi can pursue claims of price-fixing against a manufacturer of LCD screens in state court.
The justices today reversed a lower court ruling that blocked the state-court suit against AU Optronics Corp.
Justice Sonia Sotomayor, writing for the court, said the New Orleans-based 5th U.S. Circuit Court of Appeals was wrong to order that the case be tried in federal court.
The issue was whether the federal Class Action Fairness Act, aimed at taking class-action lawsuits from consumer-friendly state courts to more business-friendly federal courts, also applied to cases filed by a state on behalf of its residents.
Taiwan-based AU Optronics is one of several Asian companies sued for fixing prices for thin film transistor liquid-crystal display panels from 1999 to 2006.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Jail kitchen supervisor pleads guilty to stealing food
- Warden who lives hundreds of miles from jail resigns
- Ex-MDEQ leader Fisher joins Butler Snow
- Top 10 finalists chosen for C Spire Conerly Trophy
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- State’s new banking chief Charlotte Corley has deep roots in the business
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Analyst: KiOR Columbus plant may end up sold as scrap
- DAVID DALLAS: Savor this Thanksgiving and be grateful
- BankPlus recognized for alternative program to payday lending