SIX LCD panel makers have settled a price-fixing lawsuit for $388 million.
Sharp, Samsung Electronics and Chimei Innolux paid $105 million, $82.7 million and $78 million respectively.
According to the class action brought before courts in the US, the companies fixed prices of their LCD panels, driving prices for direct purchasers of the screen, or goods containing the screens. This price-fixing behaviour is said to have occurred from 1999 to 2006.
In 2008 and 2009, LG Display, Chunghwa Picture Tubes and Sharp pleaded guilty and paid $585 million in criminal fines, after a US Justice Department investigation resulted in litigation.
In settling the class action lawsuit, the companies involved have denied wrongdoing but have settled for the above sums of money.
LCD price-fixing suit settled for $388 million Electronics News
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