Thursday, January 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Reports Increased Profit
Facebook Introduces Place Tips in News Feed
AMD Cuts Prices Of Radeon Graphics Card To Cash On GTX 970 Memory Furor
HyperX Sets DDR4 Overclocking Record
Intel 5th Generation vPro Processors Released
Mobile Provider TracFone to Pay $40 Million to Settle FTC Charges
Intel Releases New 20nm SSDs For Data Centers
Microsoft Brings Office To iOS and Android Devices
Active Discussions
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
 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 Electronics Q4 Net Loss Widens, Full Year Profit Soars
LG Display, SK Hynix Benefit From Strong iPhone Sales
LG Display Buys Rights To Use New OLED Technology
Curved LG G Flex 2 Smartphone Launching Next Week, G4 Possibly Delayed
LG Unveils Ultra-light 14-inch Laptop
LG Chooses WebOS For Upcoming Smartwatch
LG CEO Reveals Business Strategies At CES
LG Unveils Expanded OLED TV Lineup With New Content Options At CES 2015
LG Display Showcases Latest Technologies at CES 2015
LG To Introduce 21:9 Gaming Monitor With AMD FreeSync At CES 2015
LG Expands Its Homechat Enabled Smart Product Lineup
LG Previews Its 2015 4K ULTRA HD TV Lineup

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .