Manufacturers Settle Second Time in LCD Price-Fixing Lawsuit
New York’s attorney general said today that three new LCD manufacturers will pay $571 million to settle claims that they conspired to inflate the price of LCD screens — this time its LG, Toshiba and AU Optronics. This follows a December 2011 settlement for $553 million with seven other LCD manufacturers, with $240 million of that coming from Samsung. Other companies part of that settlement include Sharp, Hitachi Displays and Epson Imaging Devices.
About $692 million of the settlements from the two lawsuits will be available to consumers as partial refunds.
For more information about the lawsuit, click here.
More Stories Like This
LG Introduces MAGNIT Gen 2 Micro LED LMPD Display
LG Electronics USA introduced the LG MAGNIT Gen 2 Micro LED LMPD display, a large-format display designed for commercial installations. The new model will make its first U.S. public appearance Sept. 15 during a customer event at Starpower’s Dallas showroom. The LMPD combines LG Micro LED technology with NovaStar’s COEX 5G Solution. According to LG, […]
Almo Pro AV E4 Experience Returns to Dallas and Boston
Almo Pro AV announced that it is bringing the E4 Experience to Dallas on Sept. 15 and Boston on Oct. 15. E4 is the Pro AV industry’s original traveling regional event for integrators, consultants, IT Managers and end users. The company said the E4 Experience is a customizable day-long format designed to give local attendees […]
PMA Research Releases Results for June Top Selling Projectors
PMA Research released highlights from its most recent Projector Tracking Service results to the “Top-Selling Projectors” area of their website. Each month, PMA Research posts its “Top 5” Projector Lists from three categories – Installation Projectors with Interchangeable Lenses, Consumer Ultra-Short-Throw Projectors and B2B Laser Projectors (Normal/Semi-Throw) with 5,000 and Higher Lumens. For the top […]