LG Display to pay $380M to settle LCD price-fixing lawsuit
LG Display agreed to pay $380 million to settle a lawsuit accusing it of conspiring to fix prices in the liquid crystal display market, the largest sum among its fellow defendants in the case.
Collectively, three companies agreed to pay $571 million to settle a class-action lawsuit that alleged LCD manufacturers colluded to drive up the price of screens used in televisions, laptops, and other electronics, according to a Reuters report. AU Optronics and Toshiba agreed to pay $170 million and $21 million, respectively, according to a plaintiffs' attorney.
A separate case involving seven other companies, including Samsung, Sharp, and … Read more