HP Sues Over LCD Price Fixing

angry tapir writes "Hewlett-Packard has filed a complaint against display manufacturers Chunghwa Picture Tubes and Tatung Company of America, seeking to recover damages it claims it suffered as a result of their involvement in a price fixing scheme. In November 2008, Chunghwa pleaded guilty to participating in a conspiracy together with other display manufacturers, including LG Display and Sharp, to set the prices of Thin-Film Transistor-Liquid Crystal Display (TFT-LCD) panels to predetermined levels. The company agreed to pay a US$65 million criminal fine at the time. A jury found AU Optronics, another display manufacturer, guilty of participating in the same conspiracy and was fined US$500 million in September by a judge of the U.S District Court for the Northern District of California. In October last year, 10 LCD makers, including Chunghwa Picture Tubes, were fined $176 million in South Korea for allegedly holding secret meetings to keep the prices for flat screen displays artificially high."

Comments

That's nice

[formfeed]

Because if they win, they'll for sure pass it on to their customers.

Re:That's nice

[Deflatamouse]

There should be a fine against the lawyers holding a secret meeting to artificially create legal events that require the service of lawyers. But then we'll need meta-lawyers!

Re:That's nice

[roc97007]

Right, because HP plays so fair with customers over the printer ink issue...