A US court in San Francisco has fined Japanese firm Toshiba $87m (£55m) for conspiring to fix prices of liquid crystal display (LCD) panels.
The US court accused Toshiba of meeting with competitors in hotel rooms to manipulate prices from 1999 to 2006, according to Bloomberg.
The company has since denied the charges and promised it will take legal action to overturn the decision.
"While Toshiba appreciates the jury's time and effort, Toshiba believes that the jury's verdict is in error as to the finding of wrongdoing," the firm told Bloomberg.
Several other companies including Taiwanese firm AU Optronics have faced similar charges.
Prior to the charge Samsung and LG Electronics have also been accused of colluding to keep their prices high in a bid to boost profits.
In 2011, seven other LCD makers, including Samsung, were forced to pay more than $500m for partial refunds to retail consumers in a bid to settle the price-fixing allegations.
None of the other companies listed in the action have contested the allegations.
PC maker Dell and mobile phone maker Nokia have both previously also alleged widespread price fixing in the LCD market, accusing a number of companies including Toshiba, Samsung and Hitachi of colluding to fix prices.
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