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

TOKYO Tue Jul 31, 2012 4:55am EDT

Signage for Motorola is displayed outside their office building in Tempe, Arizona October 29, 2009. REUTERS/Joshua Lott

Signage for Motorola is displayed outside their office building in Tempe, Arizona October 29, 2009.

Credit: Reuters/Joshua Lott

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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)

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