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Optoelectronics/Displays  

LCD makers face action for price-fixing

Posted: 11 Aug 2010     Print Version  Bookmark and Share

Keywords:LCD makers  price fixing antitrust suit 

Prominent LCD makers face an antitrust action in the state of New York for price fixing in the LCD screens market for approximately a decade.

New York attorney general Andrew Cuomo has filed an antitrust action against these companies for illegally fixing prices for liquid crystal display screens.

The suit seeks to recover damages suffered from 1996 to 2006 by New York State and other public purchasers. The law, filed in State Supreme Court in New York County, alleges that companies in Japan, Korea, and Taiwan, and their U.S. counterparts, engineered a cartel that dominated the Rs.3.29 lakh crore ($70 billion) market for LCD screens for approximately a decade.

The defendants named in the action are AU Optronics, AU Optronics Corp. America,

Chi Mei, Chi Mei Optoelectronics USA, CMO Japan Co., Hitachi Displays, Hitachi, Hitachi Electronic Devices (USA), LG Display, LG Display America, Samsung Electronics, Samsung Electronics America, Samsung Semiconductor, Sharp, Sharp Electronics, Toshiba, Toshiba Matsushita Display Technology, Toshiba America Information and Toshiba America Electronic Components.

- Mark LaPedus
   EE Times





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