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3 Firms Confess To Fixing LCD Prices, Agree To Pay $585M Fine

Posted by timothy on from the win-friends-and-influence-people dept.

Oldyeller89 writes "LG, Sharp, and Chunghwa Picture Tubes pleaded guilty to charges of price fixing in violation of the Sherman Antitrust Act. They fixed the prices on LCD screens used not only in their products but also in other products such as Apple's iPods. The three companies agreed to pay $585 million in fines. Perhaps this will cause the price of our TVs to drop?" The New York Times also has a story on the outcome of this case.

1 of 417 comments (clear)

  1. Re:figures by IHC+Navistar · · Score: 0, Flamebait

    "i mean, look at the usa - they elected fraud #1 to their highest office!"

    Do you mean Bush or Obama?

    --
    Knowing Google's lust for data collection, the Soviet Union is still alive and well inside the psyche of Sergey Brin....