Florida Prosecutors Sue Electronics Makers Over LCD Price Fixing
Florida prosecutors sued the largest manufacturers of liquid crystal display (LCD) screens, including Samsung Electronics and LG Display, on charges that they have conspired in price fixing, Reuters informed.
Other companies involved in the lawsuit include AU Optronics, Hitachi, Sharp and Toshiba.
Companies are accused have been associated to restrict competition and increase prices for TFT-LCD screens, the most common form of LCD screens which are used in PC monitors, laptops and flat screen TVs.
“This vast conspiracy resulted in artificially and illegally increased prices of certain LCD screens and products that include such items, at the expense of Florida’s population and governmental authorities,” said Florida Attorney General Bill McCollum.
In a similar case, New York Attorney General Andrew Cuomo has sued, Friday, large international producers of LCD screens for setting illegal prices over the past decade.11
