Your browser is not Javascript enable or you have turn it off. We recommend you to activate for better security reason<div class="billede"><img src="pictures/mini-pricecartel.jpg" alt="Price fixing LCD case"></div>Sharp, Samsung, LG pay $388 million in cartel case - FlatpanelsHD

<div class="billede"><img src="pictures/mini-pricecartel.jpg" alt="Price fixing LCD case"></div>Sharp, Samsung, LG pay $388 million in cartel case

09 Dec 2011 | Rasmus Larsen |

Samsung, Sharp, CMI and LG are amongst a group of eight LCD manufacturers that have agreed to pay $388 million dollars to settle a price cartel case in the years 1996-2006, according to Bloomberg. The companies deny any wrongdoings. <br /><br /><h3>Price cartel case</h3>Eight LCD manufacturers have been accused of involvement in a case of a price fixing cartel for 1996-2006. The case began in 2007 as a class action lawsuit in the U.S. The companies are accused of fixing prices on LCD panels that consequently also affects LCD-TV prices.<br /><br /><p align=center><img class="imgresponsive" src="pictures/pricecartel.jpg" alt="Price cartel"><br><i>8 LCD panel manufacturers fined 388 million USD in price fixing case</i></p><br />The final meeting is scheduled for December 19 but the case is formally closed, according to Bloomberg. According to court documents, Sharp paid $ 105 million, Samsung paid $82.7 million, CMI paid $78 million and LG paid $70 million. The companies deny any wrongdoings but have agreed to close the case with the aforementioned payments.<br /><br />Bloomberg also notes that $585 million dollars were paid in 2008 and 2009 by LG, Sharp and Chungwa Picture Tubes to close the first phase of the case.<br /><br />- <i>Source: <a href=http://www.bloomberg.com/news/2011-12-06/samsung-electronics-seven-panel-makers-pay-388-million-in-antitrust-case.html target=_blank>Bloomberg</a></i>



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