Breaking News

DJI Breaks Through the Limits of Fixed Aperture with Osmo Action 6 PlayStation’s Black Friday Deals 2025 TerraMaster Black Friday & Cyber Monday 2025 Mega Sale Is Here HighPoint and ASK Corp Redefine 8K Post-Production with Verified 50.5GB/s Gen5 NVMe Storage at Inter BEE 2025 EDIFICE Launches the New ECB-S10 Series

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 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

  • LG Velvet Specifications Unveiled

Latest News

DJI Breaks Through the Limits of Fixed Aperture with Osmo Action 6
Cameras

DJI Breaks Through the Limits of Fixed Aperture with Osmo Action 6

PlayStation’s Black Friday Deals 2025
Gaming

PlayStation’s Black Friday Deals 2025

TerraMaster Black Friday & Cyber Monday 2025 Mega Sale Is Here
Enterprise & IT

TerraMaster Black Friday & Cyber Monday 2025 Mega Sale Is Here

HighPoint and ASK Corp Redefine 8K Post-Production with Verified 50.5GB/s Gen5 NVMe Storage at Inter BEE 2025
Enterprise & IT

HighPoint and ASK Corp Redefine 8K Post-Production with Verified 50.5GB/s Gen5 NVMe Storage at Inter BEE 2025

EDIFICE Launches the New ECB-S10 Series
Consumer Electronics

EDIFICE Launches the New ECB-S10 Series

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

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

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