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.
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.