3 Firms Confess To Fixing LCD Prices, Agree To Pay $585M Fine 417
Posted
by
timothy
from the win-friends-and-influence-people dept.
from the win-friends-and-influence-people dept.
Oldyeller89 writes "LG, Sharp, and Chunghwa Picture Tubes pleaded guilty to charges of price fixing in violation of the Sherman Antitrust Act. They fixed the prices on LCD screens used not only in their products but also in other products such as Apple's iPods. The three companies agreed to pay $585 million in fines. Perhaps this will cause the price of our TVs to drop?" The New York Times also has a story on the outcome of this case.