Seiko Epson to pay Motorola $150 million to settle LCD dispute

Reuters News
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Posted: Jul 31, 2012 2:47 AM
Seiko Epson to pay Motorola $150 million to settle LCD dispute

TOKYO (Reuters) - Japan's Seiko Epson Corp said on Tuesday it has agreed to pay Motorola Mobility LLC $150 million to settle a civil lawsuit over pricing of liquid crystal displays.

The Japanese printer manufacturer will post an extraordinary loss of 13 billion yen ($166.26 million) in its earnings for the April-June quarter, covering the settlement and costs from other suits. ($1 = 78.1900 Japanese yen)

(Reporting by Miki Kayaoka; Editing by Michael Watson)