Payout to Nokia after Dispute settlement worth Skr550 millionTuesday, 27 December 2011
Japanese Seiko Epson will pay $80 million, approximately Skr550 million, to the Finnish mobile manufacturer, Nokia in a bid to resolve a dispute concerning the prices of LCD electronics.
AdvertisementNokia sued Seiko Epson 2009 in the UK and the U.S. for conspiracy for electronics parts, which led to excessive prices.
In a statement, Seiko Epson said that they now want to close the case rather than engage in a protracted legal battle.
By Scancomark.se Team
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