A number of LCD manufacturers have been accused of price fixing on LCD panels, the companies include Samsung, Hitachi, Sharp, Epson Imaging Devices and more.
It looks like the companies in the case have decided to settle, and they will pay out a total of $538 million to settle the allegations that they have fixed the prices of LCD panels over a period of eight years.
Out of the $538 million, $501 million will be used to subsidize a refund program to customers, and the remaining $37 million will go to state governments in the US.
All of the companies involved in the price fixing allegations have also agreed to participate in antitrust compliance programs.
Source All Things D
Have a look at our article on the difference between LCD and LED TV’s.
Filed Under: Displays News, Technology News