In the three years since they were convicted of price-fixing, 29 electrical-equipment manufacturers have quietly agreed to pay some $200 million to set tle damage claims in more than 1,000 customer suits. Though the price seems high, it was cheap enough for keeping the cases out of the headlines and out of the courts, where settlements might well have proved costlier. Last week the first damage case did reach a court, and the outcome shocked the electric companies.
A federal jury in the U.S. District Court at Philadelphia hit Westinghouse, General Electric,...
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