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LCD makers sued over price-fixing

Written by Andre Yoskowitz (Google+) @ 21 Oct 2009 16:57 User comments (6)

LCD makers sued over price-fixing 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.

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6 user comments

121.10.2009 22:02
H08
Inactive

Hey, mabey i should sue too! Theres No Way AT&T was harmed by any of this, and neither was i!

222.10.2009 16:43

The real question is if the people who purchased LCD's from these companies will be receiving a rebate check.

327.10.2009 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.

427.10.2009 21:34
H08
Inactive

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.

52.11.2009 0:56

Don't cellphones have LCD displays? (<--- dripping sarcasm)

611.3.2010 12:48

Originally posted by Zheta:
Don't cellphones have LCD displays? (<--- dripping sarcasm)
"LMAO"

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