LCD Makers To Pay $388M in Price Fixing Suit

Stefan Mileschin · 9th December 2011, 07:18

Since this is a class action lawsuit, lawyers will get 95% of the money and the rest will be divided up between the millions of people that bought monitors between 2001 and 2006. Samsung, Sharp, LG, and five other flat-screen display manufacturers have agreed to pay a total of $388 million to settle a civil class action suit brought against them by the U.S. Department of Justice over LCD price fixing. Japans's largest LCD manufacturer—Sharp—will pay the largest penalty, $105 million. Samsung will pay $72 million, with Taiwan's CMI paying up $78 million and South Korea's LG paying $75 million.

http://www.hardocp.com/news/2011/12/...e_fixing_suit/

9th December 2011, 07:18	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 27,149	LCD Makers To Pay $388M in Price Fixing Suit Since this is a class action lawsuit, lawyers will get 95% of the money and the rest will be divided up between the millions of people that bought monitors between 2001 and 2006. Samsung, Sharp, LG, and five other flat-screen display manufacturers have agreed to pay a total of $388 million to settle a civil class action suit brought against them by the U.S. Department of Justice over LCD price fixing. Japans's largest LCD manufacturer—Sharp—will pay the largest penalty, $105 million. Samsung will pay $72 million, with Taiwan's CMI paying up $78 million and South Korea's LG paying $75 million. http://www.hardocp.com/news/2011/12/...e_fixing_suit/

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