Below is the first part of an article by the Jewish Business News Service from jewishbusinessnews.com. It reads…
Hatzlacha, the consumers’ movement for the promotion of a fair economy & society, has filed a complaint on behalf of Israeli consumers against five manufacturers of liquid crystal display (LCD) panels for flat screens. The case was filed in the Central District Court of Lod on November 27. Hatzlacha, a non-profit organization, is being represented in this action by attorneys Jacob Sabo and Anat Meyuhas.
LCD panels are a key component of such finished products as flat-screen televisions, desktop computer monitors, laptops, tablets, smartphones, and other monitors used in medicine, security systems, and aviation.
The suit, which Hatzlacha seeks to have certified as a class action, seeks damages resulting from the defendant LCD panel manufacturers’ collusion to form a worldwide cartel. Defendant manufacturers, as well as other LCD panel manufacturers, colluded to limit production and fix prices at artificially high levels between 2001 and 2006. Much of the coordination of the cartel took place between manufacturers at what were known as “crystal meetings.” The existence of the cartel was first revealed by American antitrust authorities in December 2006.
Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo Twitter, Marc Primo Manta, Marc Primo Facebook, Marc Primo Squarespace, Marc Primo Pulisci Dot Com, Marc Primo Dot Com