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LCD makers sued over price-fixing

21 October 2009 16:57 by Andre "DVDBack23" Yoskowitz | 5 comments

AT&T has sued LCD panel makers Samsung, Sharp, LG, AU Optronics and two others over claims that they fixed prices on panels sold in the United States in the past few years.

Says AT&T in the suit: The six display makers "formed an international cartel illegally to restrict competition in the United States in the market for LCD panels. The conspiracy included communications and meetings in which defendants agreed to eliminate competition and fix the prices of LCD panels that were ultimately incorporated into LCD products that they knew would be sold in California and the United States."

Earlier this year, Hitachi pleaded guilty to international LCD panel price-fixing, the fourth company to do so this year. LG already paid $585 million in criminal fines in that case.

Permalink to this article | Topic: Lawsuits & Legislation

Nintendo gets price fixing fine reduced (1 May 2009)

Microsoft fined over alleged price fixing of Office (11 April 2009)

Hitachi fined over LCD price fixing (11 March 2009)

Sony, Fuji and Maxell fined for price fixing by EU (23 November 2007)

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Discuss this article!
H08 (Member) 21 October 2009 22:02
Hey, mabey i should sue too! Theres No Way AT&T was harmed by any of this, and neither was i! [ + quote]
slickwill (Junior Member) 22 October 2009 16:43
The real question is if the people who purchased LCD's from these companies will be receiving a rebate check. [ + quote]
Byron9 (Newbie) 27 October 2009 19:42
*Originally posted by H08:* Hey, mabey i should sue too! Theres No Way AT&T was harmed by any of this, and neither was i! How inocent of you to think that. Every one is hurt by price fixing. [ + quote]
H08 (Member) 27 October 2009 21:34
Oh really? I never new a GIANT company like AT&T would be hurt in an area they dont sell products in, because last time i checked AT&T was A CELL PHONE PROVIDER. [ + quote]
Zheta (Newbie) 2 November 2009 0:56
Don't cellphones have LCD displays? (<--- dripping sarcasm) [ + quote]