Friday, December 09, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung To Make Chips For Tesla Cars
Google Opens its Digital Assistant to Developers
BlackBerry Unveils BlackBerry Secure For IoT Mobile Security
ARM Physical IP for TSMC 7nm Process Technology Now Available
HTC Launches Vive Studios, Debuts "Arcade Saga" Title
Radeon Software Crimson ReLive Edition Brings Support For Chill, Along With New Features
Microsoft Unveils Windows 10 for Qualcomm Chips, "Project Evo" PCs For Mixed Reality And Gaming
Samsung's First Foldable Phone May Actually Not Have A Foldable Screen
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > LCD Mak...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 13, 2012
LCD Makers To Pay $571 Million to Settle Price-fixing Case


Attorneys general from 24 states on Thursday announced they have reached settlement agreements with LCD makers LG Display, AU Optronics and Toshiba, who will pay close to $571 million end the price-fixing case against them.

LG Electronics has agreed to pay $380 million to resolve the civil lawsuit, the largest amount paid among the ten companies who similarly settled the litigation, a court filing showed on Thursday.

A class action lawsuit alleged a detailed conspiracy from the late 1990s through 2006 to fix LCD prices, resulting in higher costs for buyers of televisions, laptops and other electronics.

An attorney for the plaintiffs on Wednesday disclosed a settlement involving LG, AU Optronics and Toshiba. According to Thursday's court filing, AU Optronics will pay $170 million, while Toshiba will pay $21 million.

In earlier settlements made last month, Samsung has agreed to pay $240 million into the settlement fund, Sharp will pay $115.5 million and Chi Mei will pay $110.3 million.

If the latest deal becomes final, the total recovery for class members will top $1 billion, according to the court filing.


Previous
Next
Digg Sold To Betaworks        All News        Patriot Memory Launches New Intel Extreme Masters Limited Edition Memory
Samsung, LG Display Executives Charged With OLED Theft     Consumer Electronics News      Vizio Retakes Lead in U.S. LCD TV Market

Get RSS feed Easy Print E-Mail this Message

Related News
LG To Introduce 5G Broadband FDR Communication Technology
LG Puts Hopes In New CEO
LG Enters Medical Display Market, Challenges Siemens, Sony
LG Innotek To Develop 3D Smartphone Camera With Apple
LG Releases Android 7.0 Nougat Upgrade to G5 users
LG Says OLED TVs to Account for 50 Percent of Premium TV Market In The Following Years
LG ULtrafine 5K/4K Displays Offer Performance and Integration With MacBook And New MacBook Pro
Weak Smartphone Sales Keep LG Electronics's Third-quarter Profit Down
LG's Next Flagship G6 Smartphone Won't be Modular
LG launches 38-inch 21:9 Ratio Monitor
LG Electronics 3Q profit Down As Mobile Worries Continue
LG and Samsung Replacing LCD with OLED Amid Competition From Chinese LCD Makers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .