Breaking News

ASUS Hardware Showcase: AI Accelerators, Collector GPUs, and Esport Monitors Apple Unveils Major Hardware and Creative Suite Ecosystem Updates XPG Launches Third-Generation CORE REACTOR III for Next-Gen Power Safety TCL’s New Monitor Range Fits Every Kind of Gaming Setup Viltrox Launches AF 35mm F1.4 Pro FE/Z

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

LCD Makers To Pay $571 Million to Settle Price-fixing Case

LCD Makers To Pay $571 Million to Settle Price-fixing Case

Consumer Electronics Jul 13,2012 0

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.

Tags: LCD TVsLG Electronics
Previous Post
Digg Sold To Betaworks
Next Post
Patriot Memory Launches New Intel Extreme Masters Limited Edition Memory

Related Posts

  • LG Electronics Advances the LG Sound Suite Experience With New DTS

  • LG Electronics Launches LG xboom Blast Party Speaker

  • LG Electronics Introduces World’s First Native 1000Hz Full HD Gaming Monitor

  • LG Electronics Introduces First UltraGear evo Hyper Mini LED 5K Gaming Monitor

  • LG Electronics Unveils New LG MAGNIT Micro LED Display at ISE 2026

  • LG Electronics Expands Its Lifestyle TV Lineup With the New Art-Inspired Gallery TV

  • LG releases QNED MINI LED TVs, setting a new standard for LCD picture quality

  • LG Electronics announces 31.5-inch 4K organic EL display 32EP950-B

Latest News

ASUS Hardware Showcase: AI Accelerators, Collector GPUs, and Esport Monitors
Enterprise & IT

ASUS Hardware Showcase: AI Accelerators, Collector GPUs, and Esport Monitors

Apple Unveils Major Hardware and Creative Suite Ecosystem Updates
Consumer Electronics

Apple Unveils Major Hardware and Creative Suite Ecosystem Updates

XPG Launches Third-Generation CORE REACTOR III for Next-Gen Power Safety
PC components

XPG Launches Third-Generation CORE REACTOR III for Next-Gen Power Safety

TCL’s New Monitor Range Fits Every Kind of Gaming Setup
Gaming

TCL’s New Monitor Range Fits Every Kind of Gaming Setup

Viltrox Launches AF 35mm F1.4 Pro FE/Z
Cameras

Viltrox Launches AF 35mm F1.4 Pro FE/Z

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

SoundPeats Cove Pro

SoundPeats Cove Pro

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

Akaso Brave 8 Lite

Akaso Brave 8 Lite

SoundPeats C30

SoundPeats C30

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed