LG, Sharp Plead Guilty To Lcd Price-Fixing, Take $585m Fine

Allegations of LCD price-fixing have been swirling around for years now, and it looks like at least some of the companies involved have dirt on their hands — LG, Sharp and Chunghwa Picture Tubes have all just pled guilty to price-fixing in a case filed by the US Department of Justice and will pay a combined $585m fine. LG’s taking the biggest hit at $400m for conspiring to fix prices from September 2001 to June 2006, while Sharp’s on the hook for $120m for jacking prices on panels sold to Dell, Motorola and Apple during the same time frame.

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