It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
LG, AUO, Toshiba Cough Up Fines to Settle Price-Fixing Case LG, AUO, Toshiba Cough Up Fines to Settle Price-Fixing Case
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


LG, AUO, Toshiba Cough Up Fines to Settle Price-Fixing Case
Reply
 
Thread Tools
Old 13th July 2012, 08:55   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 46,483
Stefan Mileschin Freshly Registered
Default LG, AUO, Toshiba Cough Up Fines to Settle Price-Fixing Case

Fence-sitters in the massive LCD panel price-fixing case, LG, AUOptronics, and Toshiba, finally agreed to pay their share of fines to settle. The three combined will pay US $571 million in fines, according to an attorney for the plaintiffs. The amount includes US $27.5 million in civil penalties for eight state governments (Arkansas, California, Florida, Michigan, Missouri, New York, West Virginia and Wisconsin).

In late-December 2011, the first set of fines were collected from LCD panel majors Samsung, Sharp, Hitachi, HannStar, and Chimei Innolux; who cumulatively paid US $553 million in the price-fixing case, as LG, AUO, and Toshiba abstained. AUOptronics was faced with the prospect of having to pay fines as high as US $1 billion. The case involves alleged price-fixing and cartel behavior by LCD panel makers in the period between 1996 and 2006, which stunted LCD panel development, and overpriced products to the consumers, by stifling competition.

http://www.techpowerup.com/168952/LG...xing-Case.html
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
LCD panel makers pay out on price fixing Stefan Mileschin WebNews 0 13th July 2012 07:38
Toshiba hit by price fixing cash Stefan Mileschin WebNews 0 5th July 2012 06:25
Toshiba hit for $87 million in LCD price fixing verdict, maintains innocence Stefan Mileschin WebNews 0 4th July 2012 09:22
E-book price fixing trial set for 2013 Stefan Mileschin WebNews 0 25th June 2012 07:55
Hitachi exec pays up for price fixing Stefan Mileschin WebNews 0 2nd May 2012 08:18
Panel-Maker AUOptronics Convicted of Price-Fixing, Could Face Up To $1B in Fines Stefan Mileschin WebNews 0 15th March 2012 07:28
AUO to contest price-fixing guilty verdict Stefan Mileschin WebNews 0 15th March 2012 07:05
LCD Makers Settle Price-Fixing Case Stefan Mileschin WebNews 0 29th December 2011 10:00
LCD Makers To Pay $388M in Price Fixing Suit Stefan Mileschin WebNews 0 9th December 2011 07:18
Samsung to pay $300 million for price fixing Sidney WebNews 0 14th October 2005 06:15

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 16:24.


Powered by vBulletin® - Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO