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Appeared on: Wednesday, December 07, 2011
Sharp, Samsung And Chimei To Pay $388 Million in LCD Price Fixing Case

Sharp, Samsung, Chimei Innolux and five other makers of liquid crystal display panels agreed to pay $388 million to settle price-fixing claims.

Sharp paid $105 million; Samsung paid $82.7 million; Chimei Innolux paid $78 million; LG Display agreed to pay $75 million; and Hitachi will pay $28 million, according to filings yesterday in San Francisco federal court.
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The companies allegedly fixed prices of the panels, driving up prices for purchasers who bought the displays or goods containing them from 1999 to 2006, according to a class action, or group lawsuit, filed in 2007.


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