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US judge adopts damages model for Irico in CRT cartel case

( March 11, 2026, 17:42 GMT | Official Statement) -- MLex Summary: In Irico Group's fight over the damages it owes for allegedly conspiring to fix prices of cathode-ray-tube products, a California federal judge adopted a modified version of the damages model presented by Dr. Phillip M. Johnson. US District Judge Jon Tigar, in the Northern District of California, said he will apply that model to both direct purchaser plaintiffs (DPPs) and indirect purchaser plaintiffs (IPPs) and ordered the parties to meet and confer regarding further proceedings. In his order, Tigar said the parties should attempt to reach an agreement on a final damages calculation for each class. "If the calculations adopted by this order result in damages to the DPP class greater than the $1.011 billion DPPs have requested and DPPs seek the higher amount, then DPPs and Irico shall meet and confer regarding whether DPPs are limited to a damages award of $1.011 billion."See attached order....

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