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Samsung, Toshiba, Others Accused of LCD Price-Fixing
GovTechGuy writes "Toshiba, Samsung, Sharp, LG and other major technology companies allegedly colluded to fix the prices of LCD screens used in televisions and computers, according to an antitrust suit filed Friday by New York Attorney General Andrew Cuomo. The complaint alleges that top-level executives at those firms attended secret meetings on a monthly or quarterly basis where they agreed upon minimum prices, price targets, increases and rates to be charged to specific computer manufacturers. The suit also accuses the companies of exchanging product information, agreeing to output levels and keeping prices artificially high by avoiding competition. Cuomo is seeking hundreds of millions of dollars in damages and punitive charges for the alleged overcharging of state institutions."
Here we goes again.Just leave it to the commie asians to screws the west,yhey wi!!
Hey, I thought collective bargaining was supposed to be a good thing! Did they lie to me this whole time?
These people clearly tried to earn money by producing things which people find valuable enough to pay for.
Lets all round them and their cohorts up, then rape them with tentacles while applying thumbscrews. Double points for doing it in front of town hall, where they'd no doubt subsequently arrested for indecent exposure.