Monday, November 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Regin Trojan Enables Stealthy Surveillance: Symantec
ASTC Says 100 TB HDDs Coming in 2025
Alienware Alpha PC Gaming Console Now Shipping
Samsung Files ITC Complaint Against Nvidia
Europe To Ask Google Unlink Its Commercial And Search Services
Streaming TV Service Aereo Files for Bankruptcy
Square Launches Cash Register Service
Call of Duty: Advanced Warfare is the Biggest Entertainment Launch of 2014
Active Discussions
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
 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
AT&T and LG Collaborate On Connected Cars
LG Electronics to Bring Bendable Screens To Future Smartphones
LG AKA With Launched With Mood Cases
Flagship LG G3 Smartphone to Receive Lollipop Upgrade Next Week
Google and LG Enter Cross-Licensing Agreement
LG Display Develops World's Narrowest FHD LCD Panel for Smartphones
Smartphone Shipments Boosts LG Electronics Earnings, Cinema 4K Monitor Introduced
LG Introduces Its First Octa-Core Application Processor
LG Conducts Field Tests Of Futurecast TV Broadcast System
LG Display Reports Strong Third Quarter 2014 Results
LG Ultra-Portable HD MiniBeam Projector Features Built-in Battery
LG Registers 'frame' Trademarks For New Handsets

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .