LG display

New York Attorney General Andrew Cuomo’s office has sued Sharp, LG Display, Hitachi and Samsung for allegedly price fixing LCD screens in a number of consumer electronics devices, the Wall Street Journal reported on Friday. The lawsuit filed in a Manhattan state court alleges that an illegal cartel took out competition and made secret decisions to boost prices and took steps to make the prices remain high.

In the past, makers that include LG, Sharp and Chunghwa Picture Tubes paid over $585 million in fines for colluding on LCD price fixing after the US Department of Justice brought criminal charges More >