Breaking News

CORSAIR Reveals SHUGO DDR5 Arctic announces Freezer 36-S Playstation Plus Monthly Games for June 2026 Silicon Power Debuts ROG Certified XPOWER Cyclone R DDR5 Gaming Memory ADATA Sparks New AI Engines at COMPUTEX 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 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

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

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

Latest News

CORSAIR Reveals SHUGO DDR5
PC components

CORSAIR Reveals SHUGO DDR5

Arctic announces Freezer 36-S
Cooling Systems

Arctic announces Freezer 36-S

Playstation Plus Monthly Games for June 2026
Gaming

Playstation Plus Monthly Games for June 2026

Silicon Power Debuts ROG Certified XPOWER Cyclone R DDR5 Gaming Memory
PC components

Silicon Power Debuts ROG Certified XPOWER Cyclone R DDR5 Gaming Memory

ADATA Sparks New AI Engines at COMPUTEX 2026
Enterprise & IT

ADATA Sparks New AI Engines at COMPUTEX 2026

Popular Reviews

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

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Crucial T710 2TB NVME SSD

Crucial T710 2TB NVME SSD

JSAUX 65Wh Rog Ally Battery

JSAUX 65Wh Rog Ally Battery

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