Sunday, April 30, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Hacker Gets Access To Unreleased "Orange Is The New Black" Netflix Episodes
Turkey Blocks Access To Wikipedia
Qualcomm Slashes Profit Expectations As Apple Refuses To Pay Royalty Payments
Kodi Clarifies DRM Stance, Shuts Down Rumors
ASML Countersues Nikon Over Alleged Patent Infringement
Image Sensors, Batteries And Playstation Boosts Sony's Profit
Cost Cuts Start Paying Off For Sharp
New Nintendo 2DS XL Gaming Handheld System Coming On July 28
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 Electronics Sees 10 Percent Jump in Sales and Highest Operating Income Since 2009
LG Display Posts Record Earnings on OLED TV Sales
LG X Power 2 Smartphone Packs A Huge Battery
Google Could Invest 1 tln won into LG Display's OLED Panel: report
LG Electronics Expects Profit Boost From On Healthy Sales Of Appliances and TVs
LG G6 Now Available Worldwide
LG Has Increased Workforce of Smartphone And Vehicle Businesses
LG Sues BLU Products Over LTE Patents
LG's Mobile Payment Service Coming Soon
LG Tone Studio Wireless Wearable Is Rolling Out
LG G4 And V10 To Get Android 7.0 Update
LG Electronics To Build U.S. $250 Million Washing Machine Plant In Tennessee

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .