LG, Sharp, Chunghwa conspire to fix LCD prices
Post by Jenny , 2008-11-13 01:24:38 Source： FiringSquad Editor：Jenny
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The three companies have agreed to plead guilty to charges issued by the US Dept of Justice that they conspired to fix LCD prices.
The three companies have agreed to plead guilty to charges issued by the US Dept of Justice that they conspired to fix LCD prices in devices ranging from cell phones to TVs and monitors between 2001 and 2006. "The price-fixing conspiracies affected millions of American consumers who use computers, cell phones and numerous other household electronics every day," Thomas Barnett, assistant attorney general for the DOJ's antitrust division, said in a statement.
LG paid the largest fine, a whopping $400 million, for their role in the conspiracy, while Sharp agreed to pay $120 million.
