Asian Firms Agree to Pay $45M in LCD Case

Seven electronics manufacturers have agreed to pay $45 million in settlement charges to Washington state, over their alleged involvement in the LCD price fixing cartel which took place between 1998 and 2006.

In 2010, a Washington Attorney General filed suit against nine companies and their US subsidiaries, seeking compensation on behalf of both state agencies and consumers. Samsung Electronics agreed to pay $12.9 million, AU Optronics and Innolux agreed to pay $12.5 million and $8.7 million, respectively, while Sharp Electronics, Epson Imaging Devices, Toshiba and Chunghwa Picture Tubes settled for smaller sums. Including settlements already reached with LG Display and Hitachi, the total paid to the state amounts to $63 million.