Hitachi, Samsung, Sharp Agree on LCD Price-Fixing Settlement

20.05.12

transistor (TFT) LCD panels, together with their U. S. affiliates, engineered a. scheme to fix prices of TFT-LCD panels and sold into New York millions of. TFT-LCD panels at prices fixed by the cartel. majority of TFT-LCD products sold in New York were sold at momentous prices. components of televisions, computer monitors and laptop screens. outcome for New York’s consumers. to New York's complaint, Japanese, Korean and Taiwanese manufacturers of thin-membrane. price-fixing scheme manipulated the playing field for businesses that abide by. the rules, and left consumers to pay artificially higher costs for televisions,. TFT-LCD screens are vital. computers and other electronics,” said Attorney General Schneiderman. civil fine and penalty law claims brought by the states in their law. Severally, five of the companies agreed to pay over $14 million to settle .

Source: eWeek