Breaking News

Prograde Digital Announces Pro Card Caddy COLORFUL GeForce Graphics Cards Harness NVIDIA DLSS 4.5 Cutting-Edge Gaming Technology GIGABYTE Announces World's First DDR5-7200 at Full 256GB with CQDIMM at CES 2026 GameSir at CES 2026 Asus at CES 2026

logo

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

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

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 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

  • LG rolls out 2021 TV lineup with OLED TVs and Mini-LED TVs

  • LG Electronics' 'Wing' Smartphone Said to Have a Swivelling Display

  • LG Velvet Smartphone Officially Launched in South Korea

  • LG Launches 2020 Sound Bars

  • LG Reports Record Operating Income Margin, Revenue Decline

Latest News

Prograde Digital Announces Pro Card Caddy
Cameras

Prograde Digital Announces Pro Card Caddy

COLORFUL GeForce Graphics Cards Harness NVIDIA DLSS 4.5 Cutting-Edge Gaming Technology
GPUs

COLORFUL GeForce Graphics Cards Harness NVIDIA DLSS 4.5 Cutting-Edge Gaming Technology

GIGABYTE Announces World's First DDR5-7200 at Full 256GB with CQDIMM at CES 2026
PC components

GIGABYTE Announces World's First DDR5-7200 at Full 256GB with CQDIMM at CES 2026

GameSir at CES 2026
Gaming

GameSir at CES 2026

Asus at CES 2026
Enterprise & IT

Asus at CES 2026

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

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