: LG, Sharp, Chunghwa fined $585 million for LCD price fixing


hugh
2008-11-12, 03:37 PM
Three leading electronics manufacturers LG Display Co. Ltd., Sharp Corp. and Chunghwa Picture Tubes Ltd. have agreed to plead guilty and pay a total of $585 million in criminal fines for their roles in conspiracies to fix prices in the sale of liquid crystal display (LCD) panels, the U.S. Department of Justice said today. (http://www.digitalhome.ca/content/view/3088/283/)

Snow
2008-11-14, 04:48 PM
Maybe one day they will look at the Cell Phone companies...

Squeetard
2008-11-19, 06:22 PM
Not likely the consumer (victim) will ever see a penny of this.

hugh
2008-11-19, 06:31 PM
The taxpayers get the money and hopefully it will discourage similar activity in the future!