'Epson'

Samsung, Sharp and others to pay $553 million fine for LCD price-fixing scheme

By: |Dec 27th, 2011 at 08:05PM
Filed Under: Business, Legal
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Samsung, Sharp, Innolux Corp, Hitachi, HannStar Display Corp, Chungwha Picture Tubes and Epson Imaging Devices Corp will pay a total of $553 million to settle accusations that the firms participated in an LCD price-fixing scheme. The price fixing resulted in inflation of display prices at the benefit of all companies involved, but at the cost of consumers. “This price-fixing scheme manipulated the playing field for businesses that abide by the rules, and left consumers to pay artificially higher costs f...